+ +
You are here: Home -

Atom bank moves back into 95% mortgage market

0
Written by:
14/04/2021
The UK's first app-based bank has reintroduced mortgages to those borrowers with just a 5% deposit
Atom bank moves back into 95% mortgage market

Atom bank said it has relaunched its 95% LTV mortgages with immediate effect.

The app-based lender is reintroducing the range with two and five years available for new purchases and remortgages.

The two-year fixed rate is priced at 4.09% and the five-year deal is 4.14%. Both products are fee free, offer £500 cashback and a free standard valuation.

David Castling, director of intermediary lending said: “Over the past year we’ve remained focused on doing the right thing for our existing customers whilst evaluating the right thing to do for new customers from the perspective of a responsible lender.

“With greater certainty, we believe now is the right time to bring 95% LTV mortgages back on sale and support more people to own their home.”

Atom said it took over £400m of mortgage applications in the second half of financial year 2020/21 with a particular focus on 90% LTV lending in recent months.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2020-2021

Download our guide to the best mortgage lenders in the UK

Read More >

Read previous post:
Wales records UK’s strongest annual house price growth

Overall price growth has fallen but some regions are still recording high property price inflation

Close
+ +