Digital Mortgages is a venture from digital-only Atom Bank. The company has been operating an intermediary-only lending service since 2016, drawing customers with its competitive rates, effective technology and easy application process.
A true product of the digital age, the company doesn’t have branches or a sales team – most of the process is done through the purpose-built app or with the help of their telephone and e-mail support teams.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Overall representative example If you borrow £178,000 mortgage over 25 years initially at 4.49% fixed for 60 months reverting to 7.99% variable for term. 60 monthly payments of £988.37 and 240 monthly payments of £1306.89. Total amount payable £373,335.80 includes loan amount, interest of £194,956, valuation fees of £0 and product fees of £0. The overall cost for comparison is 6.7% APRC representative.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
What types of mortgages can I get with Digital Mortgages?
Fixed rate With this mortgage, your interest rate will remain locked for a set period of time. After your fixed-rate period ends, you’ll be switched onto the lender’s standard variable rate.
Remortgages You can switch from your existing mortgage provider to Atom Bank by applying for one of its remortgage products.
Tracker With this mortgage, your interest rate shifts up and down in line with the Bank of England base rate.
Buy to let A buy-to-let mortgage is needed to borrow money for the purchase of an additional property to the one you’re living in.
How to apply
All mortgage applications are handed exclusively through the Atom Bank mobile app.
What information do I need to provide?
You’ll need to provide personal details and financial information, including details of your address history, income and regular outgoings. You may be asked to back up this information by uploading documents using the Atom Bank app.
How do I contact Digital Mortgages?
There is a customer service feature available on the mobile app. Alternatively, call 0333 399 005, tweet @digitalmortgages or email support@digitalmortgages.net.
Eligibility criteria
You must be a UK resident or a European Economic Area resident who has been living in the UK for at least 12 months. You must be at least 18 years old. Your mortgage term must be due to end before you turn 85.
You’ll need a minimum annual income of £16,000 to be considered. Atom Bank will lend no more than 4.75 times the earnings of the applicant(s).
Frequently asked questions
Yes, although if you overpay by too much, you’ll face an early repayment charge. The amount you can overpay by without being charged is product-specific
The minimum loan amount for a residential mortgage is £25,000. Atom Bank will not lend against a property worth less than £50,000 (or £100,000 if within the region of the M25).
Atom Bank claims that mortgage applicants will hear a decision “within minutes”.
No, although the lender says it may do in the future.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife.
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We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
