Atom Bank is a challenger bank which was publicly launched in 2016. Because it offers primarily mobile and online banking, its mortgages are branded as 'Digital Mortgages'.
Atom Bank mortgage customer ratings
We didn't receive enough responses from Atom Bank mortgage customers to include the lender in our 2021 mortgage lender reviews.
What kinds of mortgages does Atom Bank offer?
When we checked in September 2021, there were 102 mortgages available from Atom Bank. They were all fixed-rate mortgages, meaning your interest rate will not change for a fixed 'initial period'.
Atom's deals were available with initial periods of two or five years.
Does Atom Bank offer the best mortgage deals?
Our experts analysed hundreds of mortgages over a four-week period in July and August 2021. They compiled a total of 206 ‘top-10 cheapest deal’ tables based on a variety of borrowing scenarios, and counted how many times each lender featured in a table.
The average number of times a lender made it into a table was 24, but Atom Bank featured 69 times, meaning it regularly offers competitive rates. (Data source: Moneyfacts.)
Interest rates on Atom Bank mortgages
In September 2021, the average interest rate on Atom's two-year fixed-rate mortgages was 2.69%, compared to the overall market average of 2.38%.
How much can I borrow from Atom Bank?
Atom Bank will lend to first-time buyers and home movers at 65%,70%,75%, 80%, 85%, 90% and 95% loan-to-value. Remortgagers can borrow up to 90% loan-to-value.
Applicants can apply to borrow a maximum of 4.5 or 4.75 times their annual income, depending on how much they earn.
Can I make overpayments?
Atom Bank lets borrowers overpay their mortgage in regular payments or lump sums. Borrowers can overpay by up to 20% each year.
How can I contact Atom Bank?
Atom Bank's mortgages are only available via a mortgage broker.
Existing customers can reach Atom on 0333 399 0050, through firstname.lastname@example.org or via the app.
Atom's website is atombank.co.uk.