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Atom Bank launches residential loans at 80 and 85% LTV

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Atom Bank has launched new two- and five-year residential loans.

The bank is now selling loans at 80 and 85 per cent LTV on two- and five-year terms for house purchase and remortgage.

The new rates are available from today.

Atom Bank launched into digital mortgages in December 2016 through select mortgage advisers.

The bank’s lending categories are the self-employed, contractors, lending into retirement, purchase, re-mortgage, shared ownership, first-time-buyers and new-build properties.

Atom Bank director of retail mortgages Maria Harris says: “Our mortgages are designed to be easy to understand, with fair and transparent fees and no charges where there isn’t a true cost.

“We understand many traditional banks are playing with people’s dreams when they make the process so difficult and we are keen to make buying a house quick and painless – in some cases mortgage offers can be made on the same day.”

Digital mortgages by Atom Bank are all backed by automated systems, and customers can see every stage of their application through an app.

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