Wednesday, January 10, 2024
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UTB provides £6.25m commercial bridge
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Atom bank is now offering its range of commercial mortgages with fixed rates from as low as 5.75%.
For loans of up to £1 million, 75% loan-to-value is available. 70% LTV is available on loans above £1 million. Improvements to the lender’s commercial broker portal have seen the application-to-AIP time reduce significantly, currently averaging just one working day.
Further, enhancements to the commercial underwriting process, lending policy, internal and external systems and ways of working to increase origination capacity have also been made resulting in a reduced application-to-offer time by, on average, 42%.
This means Atom is currently able to get an offer out in 14 working days on average. Tom Renwick, head of business lending commented: "We can offer some of the most competitive rates on the market."
Call Trinity Specialist Finance to secure a mortgage on 020 7016 6151 or book a consultation
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