Atom Bank has has extended its digital mortgage range with 80 and 85 per cent loan-to-value (LTV) deals on two and five-year terms across purchase and remortgage.
The deals will join the existing line-up of the challenger bank’s digital mortgage products, launched in December 2016, and will be available through independent mortgage advisers.
Meanwhile the broader range of residential lending is now available for the self-employed, contractors, lending into retirement, purchase, remortgage, shared ownership, first-time buyers and new build properties.
Atom Bank's products are currently only available through LSL and Legal & General Mortgage Club but it has said it will look for other brokers to offer its mortgages.
It will use the Digital Mortgages by Atom Bank brand and will offer residential, remortgage and lending into retirement products.
Buy-to-let mortgages will also be offered “soon” and the bank has stated borrowers could receive an offer within 24 hours of their application.
Maria Harris, director of retail mortgages at Atom Bank, said: “We are delighted to be expanding our range of products so soon after launching the new proposition. 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 strongly believe that offering mortgages via independent experts gives our customers the best service and the very best advice when choosing a mortgage."
Atom has said it does not publish its rates because its products are only available through intermediaries and it wants to focus on service.
Once an Atom mortgage has been recommended by an intermediary, customers will need to download the Atom app.
In the app, customers can log-in with face and voice biometrics and track their decision in principle and application progress.
They can also receive all updates and communication through the app and store all key documentation there.
Alan Lakey, founder of CIExpert, said; "The product looks good and I'm pleased to see they are widening usage and extending access to other advisers."
