Atom bank relaunches their 95% LTV mortgages

Atom bank, the UK’s first app-based bank, has relaunched its 95% LTV mortgages with immediate effect.

Atom, What Mortgage’s Best Online Lender, is re-introducing the range with terms of two and five years available for new purchases and remortgages. The Durham based lender is offering a 2 year fixed rate priced at 4.09% and a 5 year fixed rate priced at 4.14%. Both products are fee free, offer £500 cashback and a free standard valuation.

Atom is achieving strong and profitable growth in its mortgage portfolio, having taken over £400m of mortgage applications in the second half of financial year 2020/21 with particular focus on 90% LTV lending in recent months. Since launch, Atom has now loaned £2.8bn to UK mortgage customers.

David Castling, Director of Intermediary Lending says “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”.