Atom Bank: Two-year fixed rate mortgage 1.09%, £900 fee, remortgages only
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Atom Bank: Two-year fixed rate mortgage 1.09%, £900 fee, remortgages only

Editor 10
Editor
Found 26th Oct
App-only bank Atom has re-vamped its mortgage rates.

The best deal is a two-year fixed rate mortgage at 60% LTV (so you need 40% equity) for re-mortgage customers. The rate is 1.09% and the deal comes with a £900 fee.

There’s a no fee option at 60% LTV but the rate is higher at 1.39%.

According to Moneyfacts, Atom Bank’s two-year 60% LTV at 1.39% with no product fee is tied with Santander’s lowest two-year deal with no fee at 60% LTV.

The two-year 60% LTV at 1.09%, with a product fee, is also tied with Hanley Economic BS for the leading market rate.

At 75% LTV Atom is offering a two-year deal at 1.12% with a £900 fee or at 1.49% with no fee.

To work out whether any of these deals are right for you, you need to do the sums: Add together 24 monthly payments plus the product fee to get the total two-year cost, then compare the total against other deals.

Note that you can’t apply to Atom directly – you need to go via one of its registered mortgage brokers.

10 Comments

valuation report doesn't seem included in the fees? That's another £155-£770+ on top.

chamelion4 m ago

valuation report doesn't seem included in the fees? That's another …valuation report doesn't seem included in the fees? That's another £155-£770+ on top.


Can't vouch for current deals but mine was, just remortgaged with them.

tek-monkey1 h, 37 m ago

Can't vouch for current deals but mine was, just remortgaged with them.



Mine too
Only paid the product fee. No solicitors or valuation costs
You need to apply thorough a mortgage broker
I found London and Country very good

I would avoid Atom Bank and and also avoid using the online broker Habito.

I went through the process a few months ago. The advisor from Habito was unhelpful, and it was very difficult to get any sort of update throughout the process. Without updates, I couldn't update the agent, who couldn't update the vendor, who then thought I was playing games and purposely delaying and threatened to pull out.

The worst was that one day I was told that the mortgage has been approved, mortgage letter being issued next day. So I went to update my solicitor, estate agent, and vendor that we were ready to proceed to exchange. Then two days later, agent from Habito rang up, said that Atom Bank made a mistake, marked the wrong status on my mortgage, and actually it would take another few weeks!

Don't know where the fault lied - Atom or Habito - in this case. Atom seemed disorganised and new at offering mortgages (only started in March/April), and Habito pretends they are "revolutionising" the broker industry, but in fact they have green mortgage brokers who don't care about customer service.

So before you use a smaller bank for a mortgage, weigh the risk of delays or things going wrong, compared to say a more established bigger mortgage lender.
Edited by: "boonkoh" 29th Oct

Just currently going through an application for this. So thanks OP. Fantastic rate. Not sure what the best atom rate is currently as they don't advertise them

Hi folks,

Anyone apply in the last few days? I'm being offered 1.29% with a 900 fee! I mentioned this thread and he said the rates have recently changed. Should I believe this?

Spoke to a 2nd broker - same deal, 1.29%. Guessing it's too late to get above headline rates.

I think it has changed. Lucky as my application is already on going I managed to get this rate.

Offer received yesterday. Have to say everything has been really straight forward. Had to use the app to accept. All down to the legal people now to complete in feb but I've had a simple job in remortgaging with atom. Also thanks to OP for pointing me in this direction as you cant get atom rate on comparison sites.
Also avoid sainsbury I was initially trying them and the 2wk before a call back meant any deal is likely to have gone which is what happened to me first.
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