New mortgage lender sets the standard

Monday, April 24th, 2017

In what is now truly a ‘digital age’, a recent entrant to the mainstream mortgage market now requires that to gain access to its specialised products, prospective clients must use the services of one of its previously approved mortgage brokers.

Digital Lender PLUS Regional Mortgage Brokers – The Perfect Combination?

Atom Bank, trading as “Digital Mortgages” are responsible for setting a new benchmark for other lenders to follow in that they work very closely with the list of independent regional brokers that make up the ‘find a broker’ facility on their Atom website and through whom clients can then access the full Atom product range.

Mortgage Brokers Benefit From 21st Century Technology

Although other lenders have ‘dipped their toe’ into this type of relationship with mortgage brokers in the past, in our view here at Caboodle Finance, few have been able to back it up with market leading products and none have underpinned it with 21st century technology.

The Mortgage of the Future?

Described by Atom as “the mortgage of the future”, much of the post acceptance process is performed via an App which can be downloaded onto the customer’s smartphone or tablet. The App provides updates, instructions and other tools to guide the customer through the process and even allows customers to manage their post completion mortgage account too, although of course, it is not a substitute for independent and specialised mortgage advice.

Whilst not all prospects will qualify for the Atom mortgage deals, once a relationship with the regional mortgage broker is established, the best and most suitable alternative can be sourced very quickly thus ensuring the prospective customer should always receive the best possible outcome.

Contact Your Regional Mortgage Broker Today…

The team here at Caboodle Finance of Sutton Coldfield, Birmingham always do their very best to help our clients get the mortgage that matches their individual circumstances. For more information on how we do that, call 0121 308 9114 today or alternatively just click HERE to contact us by email and one of our mortgage broking team will be happy to help you.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 7.65% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at Mere Green House, 46-48 Mere Green Road, Sutton Coldfield, West Midlands B75 5BT (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Caboodle Financial Services Ltd may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let.

© 2020 Caboodle Financial Services Ltd


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