Monzo is set to acquire Habito, a digital mortgage broker, making it the first UK bank to offer a complete end-to-end mortgage broking experience directly through its app. This move aims to simplify the often complicated process of obtaining a mortgage. Habito provides users with expert advice, application assistance, and a digital dashboard for tracking various aspects of home buying, such as conveyancing and property surveys. As of 2024, Habito reported net assets of £375,146 and cash reserves nearing £600,000, indicating a stable financial position. Monzo has already made strides in the mortgage sector by assisting over 450,000 users with its Homeownership feature, which helps track mortgage balances and suggests better deals. Kunal Malani, Monzo's chief banking officer, emphasized the need to address the complexities of mortgages as part of their mission to enhance money management for customers. The acquisition is expected to close in Spring 2026, although financial terms have not been disclosed. Monzo's integration of Habito’s services is a strategic move to enhance its offerings in the competitive digital banking space.