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Atom resumes lending but not for first-timers

  • 03/09/2020
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Atom has re-entered the mortgage market with a range of fixed rate remortgage and purchase products, but will not be available to first-time buyers.


The lender has offered two- and five- year fixes on 60 per cent, 75 per cent and 80 per cent loan to value (LTV) for remortgage and purchase.

An Atom spokesperson said: “This is an initial step back into the market. We’ll continue to review what we offer and will reintroduce first-time buyer mortgages when we feel the time is right.”

The 80 per cent LTV remortgage product is offered at 1.87 per cent for two years and 2.04 per cent for five years.

For home purchases at 80 per cent LTV, the two-year fixed rate is 2.29 per cent and the five-year at 2.39 per cent.

At 60 per cent LTV, the remortgage charges 1.52 per cent on the two-year fix and 1.64 per cent on five-year deals.

Meanwhile for purchases at 60 per cent LTV the interest rate is 1.74 per cent for two-years and 1.89 per cent on the five-year.

None of the products charges a fee.

“Now is the time to get back into the mortgage market, to help customers move into or stay in their home,” said David Castling, director of intermediary lending at Atom (pictured).

The bank withdrew its mortgage products during the pandemic, but continued offering no-fee product transfers.



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