Atom Bank: Passes £3bn mortgage completions and £1bn savings deposits

Atom Bank: Passes £3bn mortgage completions and £1bn savings deposits

  • Atom Bank, the UK’s first app-based bank, achieved two significant milestones this week when it exceeded £3bn of residential mortgage completions 
  • Since November 2016, the bank has provided 21,700 mortgage offers worth £3.97bn and has now helped 16,400 households
  • Achieving strong and profitable mortgage portfolio growth, providing more people with the opportunity to become homeowners
  • Continues to bring its combination of app-based customer experience and competitive pricing to those parts of the market
  • Reaching £1bn in Instant Saver balances is a key moment of truth for both new tech platform
  • Instant Saver was launched to the public in September 2020 and has been gaining a significant following for the ease of account opening
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

PRA Issues £2 Million Penalty to Bank of London for Integrity Failures

Regulatory body penalizes the bank due to integrity shortcomings.Highlights: PRA fines Bank of London £2 million for integrity...

HSBC Appoints First Chief AI Officer, Strengthening AI Leadership

The bank aims to enhance its AI strategy and innovation.Highlights: HSBC names its first Chief AI Officer to...

Revolut Reports Surging Profits as Growth Accelerates

The financial technology firm sees significant profit increases in its latest report.Highlights: Revolut's profits surged significantly in the...

SumUp Strengthens Merchant Services with In-App Investing Feature

The new feature aims to enhance financial flexibility for merchant clients.Highlights: SumUp introduces in-app investing for merchant clients.The...