Within each band there are 2-, 3-, and 5-year fixed terms, all with no product fee. The SVR is 6.99%, and APRC figures sit roughly between 6.4% and 6.8%.
3. Moving home loans
Atom bank for intermediaries also supports clients who are moving home. In this case, you are dealing with a new purchase mortgage. Your clients sell their current home, repay their existing mortgage, and take a new mortgage on the next property.
The moving home mortgage range follows the same pattern as the first-time buyer and remortgage products. It has 2-, 3-, and 5-year fixed options for 0 to 85%, 90%, and 95% LTV.
They also move to a 6.99% SVR after the fixed term ends and carry no product fee. Plus, their APRC sits between roughly 6.4% and 6.8% depending on LTV and term.
Movers often face extra expenses such as legal fees, valuation costs, removals, and furnishings. The lack of a product fee can ease some of that strain, while fixed rates help them plan their costs in the new home.