Digital Mortgages by Atom Bank
Product | Gross Fee paid by lender | Net fee paid to regulated broker | Net Fee paid to non-regulated & client referral service |
---|---|---|---|
Buy to Let | 1.25% | 0.625% | 0.31% |
Digital Mortgages by Atom bank
Digital Mortgages is the commercial lending offering from Atom bank.
Working with specialist business intermediaries, Digital Mortgages by Atom bank offers secured lending to SME businesses – at its simplest, debt, secured by an asset. The proposition drives efficiency with simplified processes, policy and pricing, and provides complete transparency when it comes to decisioning.
Atom bank
One of the UK’s leading digital challenger banks, Atom’s branchless banking model launched in 2015. 2020 will see this innovation continue, with a faster and more agile Atom, continuing its impressive growth. As the #1 rated UK bank on Trustpilot, Atom is well on its way to creating the most customer-centric bank on the planet.
Atom is well on its way to creating the most customer-centric bank on the planet.
The range
Commercial investment, commercial owner occupied, semi-commercial and residential investment property.
Borrower types
Limited companies, Limited Liability Partnerships (LLPs), partnerships and sole traders.
Property types
Commercial offices; warehouses; factories; industrial units; agricultural; retail units; purpose-built student accommodation; residential and commercial investment properties; restaurants, hotels.
- For loans up to £500,000 we offer up to 75% LTV
- For loans up to £1 million we offer up to 70% LTV (or 75% subject to credit quality)
- For loans up to £5 million we offer up to 60% LTV (or 70% subject to credit quality)
- The LTV is based on whichever is lower, the purchase price or market value post valuation
- Maximum combined loan for any business customer is £5 million
IF YOU HAVE BUSINESS CLIENTS THAT WOULD LIKE LOW RATE COMMERCIAL LOANS TO HELP WITH CASHFLOW, TO REPAY EXISTING DEBT ON HIGHER RATES OR TO BE USED FOR INVESTMENT THEN PLEASE READ ON. Atom Bank are championing the UK SME’s by offering the Coronavirus Business Interruption Loan Scheme (CBILS) to help them access finance at very competitive rates. As an accredited CBILS lender by the British Business Bank, the scheme enables Atom Bank to provide facilities from £100,000 up to £5m to SME’s that have been affected by COVID-19. WHO IS ELIGIBLE FOR A CBILS?
KEY FEATURES
PROC FEE 0.625% |
Complete are supported by Sam Lea as BDM and Anna Pullen as the
in-house underwriter
New Enquiry/Case Tracking
For all your online enquiries, DIP’s, applications and case updates you can use BORIS.
Complete Introducer Service
Want to introducer to us? We have fully qualified mortgage advisers who will take on the advice part for you.