Atom Bank Fixed 1.89% until 30/06/2020
Assumed borrowing of £125,000 over 25 years, representative 3.5% APRC. Total amount payable: £187,607.11. Includes interest of £62,387.11, Valuation fee of £220, Booking fee of £0 and Administration fee of £0. Repayments: 24 monthly repayments of £523.15 at 1.89% (fixed), then 276 monthly repayments of £633.45 at 3.75% (variable).
Atom Bank customer satisfaction scorecard:
How do we work this out?| Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
Not rated |
Eligibility
| Maximum age | 80 |
|---|---|
| Minimum age | 18 |
| Location | Any |
| Restricted location note | N/A |
| Existing customer note | N/A |
| Eligibility notes | N/A |
Mortgage product details
| Mortgage types | Remortgage |
|---|---|
| Deal type | Fixed |
| Tracker type | N/A |
| Payment options | Repayment |
Mortgage product features
| Overpayments allowed | Yes |
|---|---|
| Overpayment limits note | Up to 20% of the outstanding balance each year |
| Offset mortgage | No |
| Help to Buy mortgage | No |
| Shared ownership mortgage | No |
| Shared equity mortgage | No |
| New-build mortgage | No |
| Self-build mortgage | No |
| Portable mortgage | No |
Product fees
| Arrangement fee | £0 |
|---|---|
| Arrangement fee can be added to loan | No |
| Booking fee | £0 |
| Telegraphic transfer fee | £0 |
| Insurance fee | £0 |
| Other fees | £0 |
Rate information
| Minimum borrowing amount | £25,000 |
|---|---|
| Maximum borrowing amount | £600,000 |
| Minimum term (years) | 2 |
| Maximum term (years) | 35 |
| Initial deal end date | 30.06.20 |
| Initial deal length (months) | 24 |
| APRC | 3.49% |
| Initial rate | 1.89% |
| Revert-to rate | 3.75% |
| Maximum LTV | 80.0% |
Other charges
| Exit fees | £0 |
|---|---|
| Valuation admin fee | £0 |
| Valuation fee | From £155 for property value above £100,000 |
| Early repayment note | 3% then 2% until end of fixed period |
Standard benefits
| Valuation admin fee excluded from any refund offer | No |
|---|---|
| Maximum free valuation | £0 |
| Cash back amount | £0 |
| Further notes about benefits | N/A |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | Yes |
| Valuation offer | Free |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |