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

Lloyds Faces Scrutiny Over App Glitch Exposing Customer Data

Parliamentary committee demands answers on serious data breach incident.Highlights: Lloyds Banking Group's app glitch exposed sensitive customer data.MPs...

PayPal Expands Stablecoin to 70 Markets, Enhancing Accessibility

PayPal's new stablecoin launch facilitates broader global access for users.Highlights: PayPal introduces stablecoin to 70 global markets.This move...

Finastra appoints Chris McClellen as Global Head of AI

McClellen aims to enhance Finastra's AI capabilities and solutions.Highlights: Finastra names Chris McClellen as Global Head of AI.McClellen...

Mastercard Strengthens Presence with $1.8 Billion BVNK Acquisition

Acquisition aims to enhance Mastercard's stablecoin capabilities.Highlights: Mastercard acquires BVNK for $1.8 billion.The deal will enhance Mastercard's stablecoin...