Atom launches first residential mortgage range

Atom Bank has announced today that it has launched its first range of residential mortgages through selected independent mortgage advisers.

Related topics:  Finance
Warren Lewis
6th December 2016
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The lender, which obtained its banking licence in June 2015 and launched in April, confirmed that as of today it will offer a range of products covering self-employed, contractor, lending into retirement, purchase, remortgage, shared ownership, first-time-buyers and new-build. According to Atom, buy-to-let mortgages will be available next year.

Once a mortgage has been recommended by an intermediary, customers can log in via the Atom app and track their Decision in Principle and application progress, receive all updates and communication, accept their mortgage offer, and keep and store all key documentation.

Maria Harris, Director of Retail Mortgages, had this to say ahead of the launch: “Our mortgages are designed to be easy to understand, with fair and transparent fees and no charges where there isn’t a true cost. We make sure our customers are updated in real time directly via their App. We are also keen to make the process of buying a house quick and painless, in some cases mortgage offers can be made on the same day.

We strongly believe that offering mortgages via independent experts will give 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. Customers can find an intermediary who is able to discuss Atom mortgages via our customer support team. In time, this too will be managed via the App.”

Mark Mullen, Atom’s CEO, added: “Buying a home can be hugely exciting, but banks are playing with people’s dreams when they make the process so difficult. We want to change this – it should be a positive experience. Old legacy processes that are institutionalised at the traditional banks simply don’t exist at Atom because we’ve built this bank from scratch. We can offer mortgages that are great value, and a service that is fast, informative and transparent. This is genuinely a revolution in mortgage lending.”

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