Atom Bank has reintroduced a spread of 90% loan-to-value (LTV) mortgages for first-time consumers and householders.
The lender will now offer chosen 5-year merchandise at 90% LTV; these embody a no-fee first-time purchaser possibility with an preliminary fee of three.81%, free normal valuations and £500 cashback.
As well as, it’s including two buy merchandise priced at an preliminary fee of three.76%, with charges set at £900 for loans beneath £350,000 and £1,200 for loans above £350,000.
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David Castling, director of middleman lending at Atom Bank, stated: “We constantly consider the mortgage market and imagine it’s in our clients’ greatest pursuits to use a thought of method to the merchandise we provide.
“We now really feel it’s the appropriate time to get again out there with 90% LTV to assist first-time consumers and householders.
“The world is a unique place in gentle of COVID-19 and we want to ensure we can provide clients alternative while additionally lending responsibly.
“Given the ever-evolving landscape, we have taken the decision to reintroduce these products.”
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