Atom Bank Agreement In Principle

Atom Bank is a bank of challengers that was created publicly in 2016. Because it primarily offers mobile and online banking services, its mortgages are referred to as “Digital Mortgages.” Hi, we`re digital mortgages. We are part of the Atom Bank, which was created solely for intermediaries, and Atom Bank is the first bank in the UK to have been built exclusively for mobile devices. Existing customers can reach Atom on 0333 399 0050, via customersupport@atombank.co.uk or via the app. Consumers who have been advised through a nuclear mortgage are then invited to download the bank`s app, which is available for free in Apple and Google Play stores. The app allows customers to track their decision in principle and in application, store and share important mortgage documents, and accept Atom`s mortgage offer electronically. For customers, the credit check will leave only a soft imprint on their credit history for a policy decision and will use our small, fine application to track their mortgage journey. The bank, which wants to position itself as a consumer challenger, will first market its products through The Key Account companies of Legal -General alongside the LSL Pink and First Complete networks. The website with all products and criteria was put online this week and offered an SVR of 3.75%.

Founded in 2014 in the North East of England, Atom Bank is the first exclusive mobile bank. As such, their mortgage customers manage everything from an application — from accepting a mortgage offer to posting bank statements. No action is required Digital Mortgages from Atom Bank have for you payments on offers to purchase and remortgage will start at 1.19% to 60% loan to value (LTV) for a two-year fixing with a fee of 900 USD or 1.63% on a free agreement for home purchase. On the Remortgage side, the bank offers a five-year fix at 2.89% to 90% LTV, with the same tax of $900. We have taken a big step away from traditional banks. With our Atom Bank customer application, we`ve created a transparent and cost-effective way to track a mortgage and wait. It is the first of its kind in the UK for a traditional housing lender. Mark Mullen, CEO of Atom, added: “The old processes, which are institutionalized in traditional banks, simply do not exist at Atom because we rebuilt this bank from scratch. We can offer mortgages that have good value and a fast, informative and transparent service.