Digital Mortgages by Atom Bank is relaunching some of their products for new customers, changing rates, moving end dates and changing SVR.
Their planned changes are set out below, and, of course, we will update you if they change anything else.
At 8am on Friday 7th October, they will be:
Relaunching products for new customers
They will be relaunching their Prime 5-year fee-free 90% LTV (available 0-90% LTV) purchase and remortgage products at 6.69%.
Please note: they will remain off-sale for their Near Prime range.
Changing product rates
They will be increasing rates on:
- 2- and 5-year retention-only fee-free 90% LTV by up to 0.44%
- 2- and 5-year further advance fee-free 90% LTV by up to 0.44%
Moving end dates
They will be moving product end dates from 30th November to 31st January.
Increasing SVR
From 7th October, they will be increasing SVR from 5.15% to 5.65% for new customers and any existing customers moving to a new retention-only product.
Following this initial SVR change, they will be changing their SVR for all other existing customers from 1st November.
Please note: Their current rates will be available until 5pm on Thursday 6th October on MSO, and their website will be updated on Friday 7th October. Sourcing systems have been informed of their product changes. Please note that the Trigold sourcing system will be live no later than Monday 10th October, and all other systems will be updated by 8am on 7th October.