Atom bank has announced that it has reached £2bn in residential mortgage lending.
The specialist bank has hit this milestone less than two years after launching its first mobile mortgage product.
It has since expanded its offering to a wider range of customers and claimed that its fastest mortgage went from application to offer in just 14 seconds.
This comes after Atom recently announced it was entering the BTL market, with the addition of remortgage products for portfolio landlords.
Maria Harris, director of intermediary lending at Atom bank (pictured above), said: “More than anything, this milestone confirms that there is genuine appetite today for a bank that’s going against the status quo and is passionate about giving customers a great mortgage experience.
“We have a determination to remain at the cutting edge of implementing technologies that create better customer experiences and outcomes, and the take up so far shows us that a growing number of people are willing to change the way they bank.
“We are very proud of our rapidly growing, ambitious and vibrant business and are excited about our plans for the future.
“This significant growth secures the bank’s place as a disruptive force in the mainstream of UK banking.
“We will continue to invest in growth, in our technology and in our products as we continue to push ahead and offer our customers the best service and products possible.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Redefining SME banking technology
There has been significant change in the financial services sector in the past three to five years, one driven by new client expectations of customer experience, performance and speed of execution...
Unity Trust Bank reports 68 per cent profit rise
Unity Trust Bank increased its profits by 68% in 2018, having approved over £200m of lending to firms and projects...
OakNorth reveals plans for Manchester client-facing office
OakNorth’s Manchester client-facing office is expected to go live within two to three months, according to its chief operating officer Amir Nooriala (pictured above)...
SimplyBiz agrees to acquire Defaqto for £74.3m
The SimplyBiz Group has conditionally agreed to acquire the entire issued share capital of Regulus Topco Limited for a total consideration of £74.3m...
Training BDMs to the level required takes 'up to a year'
Investec Private Bank’s BDM Peter Izard (pictured above) has stated that if you don't invest in people, you won’t get the outcomes that you need...
A guide to 'Isa season'
If you’ve opened a newspaper or read the news online recently, you’ve probably come across the term ‘Isa season’ which focuses on how you should use your Isa allowance before the end of the tax year...
UTB introduces new first charge product
United Trust Bank (UTB) has launched a new first charge product aimed at customers who own their properties outright...
Price of flats down as much as 7.5% in last 12 months
The price of flats has fallen by as much as 7.5% in some parts of the UK, according to a report by Gatehouse Bank...
Is there a lack of understanding around e-money institution protection?
There’s an opportunity to improve the understanding and knowledge of financial protection offered by e-money institutions, according to Myles Stephenson, CEO at Modulr (pictured above)...
OakNorth Analytical Intelligence bolsters leadership team
Global fintech platform OakNorth Analytical Intelligence has hired Nikolai Varma and Rikard af Ekenstam to strengthen its leadership team...
Deutsche Bank and Commerzbank confirm merger talks
Deutsche Bank and Commerzbank have confirmed that they are engaging in discussions with an open outcome on a potential merger...