Switch your Atom mortgage
Already have an Atom mortgage? You may be eligible to switch to a new deal with us. Find our latest rates and details about switching below.
What is an Atom mortgage switch?
Switching your mortgage with us, also known as a product transfer, allows you to secure a new mortgage deal without applying to another lender.
Not an Atom customer but interested in moving to one of our mortgages? Check out our remortgage options to get started.
When might I consider switching my mortgage?
You might consider switching your mortgage if:
- Your current Atom mortgage deal is ending, you may wish to switch to a new deal instead of moving onto our Standard Variable Rate (SVR).
- You are already on our SVR and want to switch your mortgage deal to a product that better suits your needs.
- You’re looking for a better deal — for example if interest rates have dropped or your financial situation has changed.
Can I switch my Atom mortgage at any time?
You can apply to switch your mortgage with Atom to another product at any time — you can find the steps to follow further down this page.
You can also remortgage with another lender at any time, should you choose to do so.
Before you switch or remortgage, we encourage you to check your Mortgage Offer in your Vault in the app to see if you will need to pay an early repayment charge.
What rates do we offer for switching your mortgage?
These are our current rates but they are subject to your eligibility and may change.
Term
2 Year Fixed
Early repayment charge until Fri Mar 31 2028
Initial Rate
4.89%
SVR Rate
6.99%
APRC
6.8%
Product fee
£0
Term
3 Year Fixed
Early repayment charge until Sat Mar 31 2029
Initial Rate
4.89%
SVR Rate
6.99%
APRC
6.6%
Product fee
£0
Term
5 Year Fixed
Early repayment charge until Mon Mar 31 2031
Initial Rate
4.84%
SVR Rate
6.99%
APRC
6.2%
Product fee
£0
Representative Example:
2 Year Fixed — 75% LTV with no product fee, 4.89% rate
A capital and interest repayment mortgage of £147,979.69, payable over 23 years and 3 months, initially on a fixed rate of 4.89% for 2 years, and then on our current standard variable rate of 6.99% for the remaining 21 years and 3 months, would require 24 monthly payments of £888.81 and 255 monthly payments of £1,057.04.
The total amount payable would be £290,876.64, made up of the loan amount plus interest of £141,946.35 a product fee of £0 and a valuation fee of £0.
The overall cost for comparison is 6.7% APRC Representative.*
*The above representative example is for illustration purposes only and is not an offer. The figures are representative of the typical costs and repayments for this type of mortgage and customer type. As a result your actual costs and repayments will vary depending on your personal circumstances/mortgage.
YOU COULD LOSE YOUR HOME IF YOU DON’T KEEP UP YOUR MORTGAGE REPAYMENTS
What are the benefits of switching your mortgage with Atom?
Switching your mortgage doesn’t have to be complicated. At Atom:
It’s quick and easy
You’ll benefit from our speedy mortgage decisioning. And, in most cases, you won’t need to carry out any legal work. Plus, if eligible, you can switch directly in our app, no phone calls and no paper forms to fill out.
You can secure a fixed rate
If you’re on SVR or coming to the end of your current deal, switching to a new fixed rate could save you money. It will also give you certainty that your rate and payments won’t change for a set period of time.
We’re flexible about how you switch
You can switch directly in our app if you’re eligible, or you can speak to a broker about switching your mortgage with Atom.
Should I speak to a broker before switching?
If you’re not sure whether switching your Atom mortgage is right for you or which product best meets your needs, we encourage you to speak to a broker. A broker can help you understand your options and give you personalised advice.
There will also be times when we need you to speak to a broker, for example, if:
- you want to change your term;
- take out additional borrowing; or
- if switching means you will need to pay an early repayment charge.
How to switch your mortgage with Atom
You can apply to switch your mortgage with Atom to another product at any time.
There are two options for switching your mortgage with Atom.
Switch in the app
You will normally be able to switch your mortgage product directly with us in the app if:
- your current deal has ended or ends in the next 6 months;
- you're up to date with your mortgage payments (not currently in arrears) and you haven't had any issues with your payments over the past 12 months;
- you don't want to borrow more money, make any changes to your loan term or change your repayment type; and
- you're comfortable to choose your own product without broker advice.
If you meet these criteria, follow these steps:
- Log into the Atom app
- Head to your mortgage account screen
- Tap the ‘Switch product’ button
The app will then ask you to review your current mortgage, let you look at your eligible switch products and then take you through the rest of the process.
Please note: if you’re not eligible, this option will not appear in the app.
Get broker advice and apply
If you’d prefer to get advice about a mortgage switch with us, simply talk to the broker you worked with last time, or, find a new broker using our find a broker tool below.
YOU COULD LOSE YOUR HOME IF YOU DON’T KEEP UP YOUR MORTGAGE REPAYMENTS
Find a broker
Use the search tool below to find a broker who works with Atom.