Table of contents:
Buy to Let
Up to 75% if under £500,000, and 70% if over £500,000.
We allow a maximum of 2 applicants for Buy to Let properties.
No, unfortunately they're not.
We treat these as self-funding, as long as the rental income covers the mortgage payments at 145% of pay rate.
If the property is in need of minor works, i.e painting and fresh carpets, then yes, we will consider this, but if it’s anything more serious, for example structural damage, then it wouldn’t match our policy as we need the property to be let from day 1.
The minimum age at application needs to be at least 25; and maximum age at end of term 80.
We’ll allow customers to make one-off or regular overpayments up to a maximum percentage of the mortgage balance each year (the exact % is product specific). Any overpayments beyond this will attract Early Repayment Charges, and your customers won’t want that.
No, but our Business Banking team may be able to help. Give them a call on 0333 399 0065 to find out more.
No, all we ask is that they’ve had a mortgage on a property in the past.
No, Atom don’t currently lend on a Buy To Let basis to first time buyers.
We do, as long as they’ve owned a property in the past.
Sorry, we don’t lend on student lets.
Unfortunately we won’t lend on properties where tenants are in receipt of benefits.
Yes, as long as this isn’t for business purposes or debt consolidation.
No, we don’t currently offer this option.
This is where the customer is taking out a residential mortgage with Digital Mortgages, L2B will be with a different lender.
Please call us on 0333 399 0055 to discuss this, as it all depends on who the present mortgage is with.
Yes, and it needs to be keyed as a remortgage, however there may be additional costs and capital raising restrictions. For more info call us on 0333 399 0055.
At least 6 months.
Case tracking & management
As you progress through the application, you’ll come to the product selection page. You’ll find all the facts and figures here to help you make an informed decision for your customers.
Give us a call on 0333 399 0055 and our Mortgage Processing Team will take a look at this for you.
All you need do is access your portal. Click sign in at the top of this page or call us on 03333 990055 to chat with the Mortgage Processing Team.
Oops! As every case is different we’ll need to take a look at things for you. So give our Mortgage Processing Team a call on 0333 399 0055 and we'll see what we can do.
Yes, you can get an ESIS (European Standardised Information Sheet) and access this via the portal.
Our mortgage offers are valid for:
- Remortgages: 90 days
- New Purchases (non new build): 150 days
- New Build properties: 180 days
If the Valuation expires before the offer, the customer may need to pay for an additional valuation before proceeding.
All valuations are valid for 180 days from the date the property was inspected by the valuer. If the valuation expires before the offer, a new valuation may be required.
Changing your details
All you need do is get in touch with our Support Team on 0333 399 0055.
It’s really easy to update and edit your personal details within the self service area of your portal.
We’ll assume a minimum monthly payment of 5% on all revolving credit commitments i.e. credit cards, store cards and overdrafts.
If the commitment is to be repaid and has a balance of more than £1000, you’ll need to let us know where the money is coming from.
You’ll need to include any existing debt in the application. However, if the debt has less than 6 months left to run, our system will ignore it.
We won’t accept an application if your customer has:
- Been bankrupt within the last 6 years
- Received a CCJ within last 6 months
- 1 CCJ of up to £500 if satisfied and up to £250 if unsatisfied (same with defaults)
- Had an IVA's within the last 6 years
- Been in arrears within last 12 months (historic arrears will be referred to underwriter) - see the next section for more info
For unsecured lending or hire purchase, we don’t allow more than 1 month’s arrears within the last 12 months, and expect current payments to be up to date. For credit card, store card, mail order, communications accounts and overdrafts, no more than 2 months’ arrears within the last 12 months are allowed, and all payments must be currently up to date.
Our dedicated Telephone Intermediary Support Team are available from 9am - 5pm, Monday to Friday. The Mortgage Processing Team are also available during normal business working hours, Monday to Friday 9am - 5pm. You can also contact our friendly Customer Service Team if you have general queries, they’re available 8am to 8pm, every day.
As soon as you register with us, we’ll introduce you to your dedicated BDM and telephone BDM.
Yes. We’re happy to lend up to a maximum 4.5 times single income, and 4.5 times joint income.
Contractor's income will be assessed using the formula day rate x 5 days x 46 weeks per year.
They’ll need to have been employed for a minimum of 3 months, with 12 months’ continuous history.
At least 2 years.
We’ll need to see 2 years’ records of self-employment history that shows the share of net profit and salary.
Yes, we’ll take 100% of verifiable private pension and state pension into consideration.
No, we only accept UK taxable income.
Customer's monthly payment
Your customer's first payment will always be at least one month after completion.
If the preferred payment date falls on the day of completion e.g. complete on 25th and chosen payment date is 25th, the first payment will be made exactly one month after completion. This is then repeated each month, and will be for the normal monthly payment amount.
If the preferred payment date doesn’t fall on the day of completion e.g. complete on 2nd and chosen payment date is 25th, the first payment will be made on the chosen date after a full month has passed. In this instance, the first payment amount will cover the interest charged in the month of completion, plus one normal monthly payment. The normal payment amount will be repeated each month thereafter.
Not at the moment. However in the future we may allow payment holidays.
Yes, we’re prepared to accept a gifted deposit, as long as no interest in the property is registered to a third party, and the applicant(s) completes Atom’s standard Gifted Deposit form. We’ll also ask conveyancers to clarify the source of funds for gifted deposits.
No, we do not accept Vendor gifted deposits.
Yes, up to 5% cash incentives are allowed. Any reasonable non cash-based incentives such as white goods, carpets and curtains etc., will also be allowed.
Yes, uploading your customer’s documents is really simple, and you can do this as soon as the Decision in Principle has been accepted on the application.
We’ll keep you updated 24/7 through your case tracking system, so you’ll always know what’s what with the application.
Product fees can be added over and above the maximum LTV, and we’ll actually exclude these from the LTV calculation.
Yes we’re more than happy to do that. You’ll see this option when you get to the fees section on the application.
We’re happy to lend against a maximum of 4 properties.
It’s currently a maximum of 2 applicants.
On a Buy to Let property the minimum loan amount is £50,000, and on residential properties it’s £25,001.
The minimum purchase price for a BTL mortgage is £75,000, and for residential properties it’s £50,000.
One thing to note – where the property is located within the M25, and the property value is less than £100,000, the application will be subject to an additional review by an underwriter.
Logging into your portal
Don’t worry, you can easily reset your username and password from your login screen. If you need help, simply call our support team on 0333 399 0055 and they’ll assist you.
There are a few different reasons why your account may have been locked, so give our support team a call on 0333 399 0055 and we’ll get it sorted for you.
You can do that at the top of this page. Just head for the 'sign in' button.
You’ll need to chase any procuration fees through your network.
We pay all procuration fees directly to your network or distributor within two weeks of completion. It’s then down to your network or distributor to pay these to you.
Yes we’re happy to do this, all we ask is that the whole property is available with vacant possession.
Yes, subject to a valuer's report.
We’ll consider lending on flats above commercial premises, but in addition to our normal lending criteria, acceptability will depend on a number of other factors e.g. noise, smell, opening hours nuisance etc.
Yes, studio flats may be considered on an exception basis where they’re located in a prestigious development or location. We’ll also need our valuer to confirm their desirability and future saleability.
You can register with us if your network and firm are on our panel. To register, click on the registration link at the top of this page.
Our mortgages will initially launch through a limited number of networks. We’ve done this to ensure we get everything perfect before the full roll out. It’s about delivering on our values, and giving you and your customers the very best service. Once we’re 100% happy, you’ll see our mortgages everywhere - it’ll happen soon, so watch this space.
First thing’s first, check your junk mail as it might have gone in there by mistake. If you still can't find it, give our support team a call on 0333 399 0055 and they’ll get things sorted for you.
The App - what you need to know
The App is essentially Atom Bank. Think of it as your personal branch but without the endless queuing and limited opening hours. The App will connect your customers to their mortgage, it’s where they’ll be able to track their application from Decision In Principle to completion. This even includes providing them with a copy of the DIP certificate and Mortgage Offer. As Atom is built on technology rather than bricks and mortar, there’ll be a constant stream of exciting new features launching on the App.
All mortgage applicants need to download and use the Atom Bank App, as it’s part of their mortgage T&Cs. If they have it already that’s great, if not, it can be downloaded at the Apple App Store or Google Play Store. At the DIP stage the customer will receive a code via email and SMS, and this allows them to access the mortgage part of the App. It’s essential they have the App by the offer stage of the process, as each applicant needs to view and accept their mortgage offer and T&Cs within the App - if they don’t their mortgage can’t complete. They’ll then use the App to service their account for the lifetime of their mortgage.
They simply visit the App Store or Play Store, search for Atom Bank, then download it to their smartphone or tablet. We recommend that they do this as early as possible, and definitely by the time their mortgage offer is ready. Without the Atom Bank App they can’t complete on a property.
Our App’s currently available for the iPhone and Android devices.
We’ll also be supporting Marshmallow and Lollipop OS and Samsung S4,S5,S6, and S7 Edge, along with Google Nexus 5X and 6P.
Although we’re not restricting the devices you can use our App on, it’ll only be optimised for those we’ve mentioned. That means some things may not appear as they should if you use it on another device. However for every version we create we’ll be making sure that we’re testing against the OS and devices you use the most.
One thing that we’re not planning to do is release a website version of Atom.
When your customer’s DIP is accepted by us, they’ll receive an email and SMS with an App activation code. If they haven’t got our App at this stage they’ll need to download it from the App Store or Google Play. If they’ve already done that, they simply open the App and follow the on screen instructions to enter their activation code.
Just ask them to call us on 0333 399 0050 and we’ll help activate their accounts.
All they need do is download the App again. Once they’ve done that they should be able to access their mortgage account. If for some reason they can't, just ask them to call us on 0333 399 0050 and we’ll help fix things.
In a nutshell, the App connects the customer with their mortgage. It’s essential for the journey of the application, as well as the lifetime of the mortgage. For example, your customer will be able to track their application right from the DIP stage to completion, and it’s via that App that they’ll do things like accept their mortgage offer and T&Cs. Once the property is theirs, they’ll manage everything to do with their mortgage account via the App.
It’s not essential, unless of course you want to become a customer too :) For mortgage application updates, you simply log in through the website as normal and use the case tracking section.
Who will you lend to?
Of course - we’re proud to support our armed services. This even includes those living at a BFPO address stationed abroad.
Yes. Our rules around this are quite simple: a non-EEA applicant needs to have been a UK resident for minimum of 12 months, and have a minimum of 3 years’ rights to remain with no restrictions on employment.
Yes we’re happy to do that, at either market value or as a concessionary purchase. Please call us 0333 399 0055 for more info.
No, with the exception of British armed forces.
Yes, subject to additional checks.
No we don’t currently lend on holiday lets, however we’d consider a holiday home for your customer’s own use.
Sorry, no, we don’t currently allow this.