Atom bank Price-Match 5 Year Rate Mortgages to 2 Year Rates

11 April 2017


Atom bank is offering customers the chance to lock into a 5 year fixed rate mortgage at the same rates as their current 2 year products. This revolutionary move of aligning rates across short and longer term fixed rate mortgages will enable customers to fix one of their most significant monthly outgoings at a lower rate for longer.

Details of the new products are:

  • 60% LTV with £900 fee: 1.29%
  • 60% LTV without fee: 1.64%
  • 5% LTV with £900 fee:1.34%
  • 75% LTV without fee: 1.74%
  • 80% LTV with £900 fee:1.49%
  • 80% LTV without fee: 1.89%
  • 85% LTV with £900 fee: 1.59%
  • 85% LTV without fee:1.99%
  • 90% LTV with £900 fee:1.99%
  • 90% LTV without fee: 2.44%

For a limited time from Wednesday 12th April, all new mortgage customers will be able to apply for a 5 year mortgage at the 2 year rate, via one of the bank’s selected partners who offer independent mortgage advice.

Customers who want to take advantage of this offer can go to and click on ‘Download list of brokers’ to request a list of brokers who are able to discuss an Atom bank mortgage.

Director of Retail Mortgages, Maria Harris, said: “This move is entirely unprecedented, but we know consumers have an appetite for it. The recent success of our disruptive savings pricing has taught us that. We are in a position where we can help people improve their financial situation for the long term by reducing the amount they have to pay on their mortgage.”

“Moving your mortgage to a better rate can be one of the most significant savings that a customer can make. Since the financial crisis, many people have stayed on their lender’s SVR (standard variable rate), but there’s a big difference between the average SVR and the rates we’re offering, so being able to lock the rate in for 5 years gives certainty around their mortgage payments, while the Brexit negotiations are worked through and we see the impact on inflation, along with any Bank of England base rate increases which may come along.”

“We remain fully committed to only providing mortgage products after a customer has received proper independent financial advice, ensuring they get the right mortgage for them – and that is not always just about the rate. Customers should speak to a mortgage intermediary to discuss their mortgage options.”

Unlike a traditional bank, Atom bank gives customers the ability to track their mortgage application through every stage of the process, using the Atom bank App. To accept their terms and conditions and to service their mortgage, the customer needs to download the Atom bank App from the Apple or Android Play stores and have an individual email address and mobile phone number.

Atom bank’s suite of products now includes:

  • Residential Mortgages, available via a panel of intermediaries

  • Fixed Saver accounts, available in 1, 2, 3 and 5 year term options

  • Secured Business Lending (SME) via selected intermediaries


Note to editors

Atom is determined to set the agenda for what the future of banking looks like, redefining the relationship customers have with their money, providing a unique, branch-free, banking experience, built around the best interests of customers. They want customers to be more engaged with their finances, giving them the ability to manage their own money just by using the Atom App. A dedicated 24/7 support team will be on hand to help with any customer queries through phone, chat, email and social media, working out their Durham HQ.

Digital Mortgages by Atom bank is the trading name used by Atom bank plc when providing residential and business mortgages through their panel of selected intermediaries. Digital Mortgages by Atom bank provides a fast, friendly and more efficient mortgage experience from customers’ mobiles or tablets. Products are availabe at 2 year and 5 year fixed rates, with LTVs ranging from 60% to 90%.

About Atom banking

Atom is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA.

Founded in 2014 and based in the City of Durham, Atom has a growing team of 260 people drawn from across the country, working with partners to bring pioneering technology to Europe for the first time. Atom is building the UK’s first bank designed specifically for digital, offering easy and convenient banking, along with unique and engaging ways to manage money. Atom has been recognised in KPMG’s 2016 Fintech 100, being in the Top 10 companies using technology to drive disruption globally within the financial services industry.

The Atom executive team are highly experienced, having built and run some of the msot well respected banks in the UK. CEO MarkMullen has 25 years’ experience in the sector and was previously CEO at the multi-award winning telephone and internet bank first direct. The team are supported by a strong non-exec board, which includes founder and Chairman Anthony Thomson, also the founder and former Chairman at Metro Bank. He is Chairman of the Financial Services Forum, the UK’s leading membership organisation for senior FS industry executives and Chairman of the National Skills Academy for Financial Services, a national charity.

For more information, please contact:

Sarah Tye, Lansons / 020 7294 3620 Anna Schirmer, Lansons / 020 7294 3605