Digital Mortgages by Atom launches into portfolio buy-to-let

Ryan Bembridge

November 5, 2018

Digital Mortgages by Atom bank has entered into portfolio buy-to-let with an intermediary pilot.

The range caters for landlords with between four and 25 properties in their portfolio.

Initially the range includes 75% loan-to-value remortgage products at 3.70% for a 2-year tracker and 3.80% for a 5-year base rate tracker.

Maria Harris (pictured), director of intermediary lending at Atom bank, said: “We are delighted to announce our launch into the portfolio buy to let market.

“As our mortgage proposition grows, we want to transform this market, making mortgages easy and transparent to buy and offering landlords a great all-round deal.

“The initial pilot with a select number of intermediaries will help us make real time improvements before we roll-out to a wider audience. We’re also already working on extending the range to include fixed rate products.”

Products come with a 1% product fee and a maximum loan term of 25 years.

Some brokers and their customers can access no early repayment charges and Atom said automated valuations will be used in some cases to speed up the process and keep costs low.

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