Speaking at an event in Hoxton last night, Harris said it planned to invest another £18m on technology this year doubling last year’s spend and that broker feedback continues to drive its mortgage plans.
The bank has completed over £1bn in mortgage completion and said it managed an application to offer which took 14 seconds earlier this year.
The lender said it is also working on automated valuation models, making it easier for young professionals to get on the housing ladder and announced a new first-time buyer range this week and extending its existing products up to 95% loan to value.
The digital lender’s new mortgages will be available at between 80 – 95% LTV and will offer £500 cashback, along with a free valuation and no product fee.
The range consists of two, three and five-year fixed rate mortgages with rates starting from 2.24%.
This year Atom bank increased mortgage terms to 40 years, removed the maximum loans size for first-time buyers and reduced required time in a new job to 12 months for applications.
Harris said: “We want to change banking for good and for the better. We’ll keep improving what we do and we’ll keep going, especially in our lending.”
Atom Bank confirmed a £149m capital raising from investors including Spanish Bank BBVA, lifting its stake in the bank to almost 40 per cent.
To March, the bank has taken more than £1.3bn in customer deposits and lent over £1.2bn. Atom said it will use the new investment to fund “further investment in technology and business capabilities”.