New mobile-only bank Atom launches mortgage range
Mobile-only provider Atom Bank has launched a range of mortgages that can be managed via an app.
The products are available to first-time buyers and remortgagors, including the self-employed and older borrowers, plus a range of buy-to-let deals is planned for 2017.
Borrowers can initially access Atom Bank’s mortgages through one of 860 independent mortgage broker firms (listed on the website) which will offer them regulated advice.
Once an adviser has applied for a mortgage, customers can download the free Atom app, where they can track their Decision in Principle (DIP) and application progress, accept their mortgage offer electronically, and store all key documentation.
Atom’s director of retail mortgages, Maria Harris, said: “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.”
Rates start from 1.19% for a 2-year fix at 60% loan to value (LTV) with a £900 fee and 1.89% for a 5-year fix at 60% LTV, also with a £900 fee.