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Atom Bank introduces 95% deals for FTBs

Atom Bank has added new first-time buyer products and introduced 95 per cent LTV mortgages across its existing range.

The new range consists of two, three and five-year fixed rate mortgages with rates starting from 2.25 per cent.

The bank is offering £500 cashback on the new products, along with a free valuation and no product fee with LTVs ranging from 80 to 95 per cent.

Products at 95 per cent LTV will also be added to the existing range of purchase and remortgage deals with fixed terms of two, three and five years with no product fees.

Following broker feedback Atom bank has also made a number of criteria changes including removing the £300,000 limit on FTB applications and increasing their maximum mortgage term from 35 to 40 years.

Atom Bank director of Intermediary Lending Maria Harris (pictured) says: “These deals will be attractive to first-time buyers who want to get onto the property ladder – it’s hard enough to find the money for your first home and we know that taking away fees and giving cash-back helps.

“We want to make the journey of buying a first home easier by offering real, tangible support to our customers, in conjunction with our network of independent, dedicated mortgage specialists who offer the best advice and guidance.”

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