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

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...