The UK’s first bank built exclusively for mobile customers has extended its Digital Mortgage range, with 80% LTV and 85% LTV rates available.
Atom Bank, which was launched in April 2014, has added these two new additions to its existing line-up of Digital Mortgage products, first launched in December 2016. The 80% LTV product is available on two and five year terms across purchase and re-mortgage, while the 85% LTV product offers the same terms.
The deals are available through selected independent mortgage advisers only.
The wider range of residential lending now applies to self-employed contractors, purchase, re-mortgage, shared ownership, first-time-buyers and new-build properties, as well as lending into retirement.
“We are delighted to be expanding our range of products so soon after launching the new proposition,” Maria Harris, Director of Retail Mortgages at Atom Bank, said.
“We understand many traditional banks are playing with people’s dreams when they make the process so difficult and we are keen to make buying a house quick and painless - in some cases mortgage offers can be made on the same day.”
She added: “We strongly believe that offering mortgages via independent experts gives our customers the best service and the very best advice when choosing a mortgage. Our ultimate aim is to help people get what’s right for them, and for them to have the best experience along the way.”
As well as the Digital Mortgage options, Atom Bank’s other products include residential mortgages (available via a panel of intermediaries), fixed saver accounts (available in one, two, three and five year term options) and Secured Business Lending (SME) via selected intermediaries.