Atom Bank’s highest loan value (LTV) is available within its near-quality range, increasing to 90%.
The near-quality range includes two, three and five years fixed rates, and offers both paid and free fees.
Near-quality products with a two-year fixed rate of 90% LTV is 6.84%, and three- and five-year fixed rates are 6.69%.
Last year, many enhancements were made to approach the main criteria, including increasing the unsatisfactory registration default level from £1,000 to £2,500, which led to the allowed unsatisfactory registration default level from £250 to £500 for communications and utility bills, while the “review default” period is a three-year “review” period.
Additionally, Atom Bank has helped borrowers to get back on track instead of punishing them by adding a three-year fixed-rate term and removing administrative fees for unpaid and arrears.
Richard Harrison’s change in head of mortgage atoms commented: “By increasing our highest margin to 90%, we can support more borrowers, many of whom may be first-time buyers, not only to buy their own homes, but to take the first step and regain the status of Prime.”
