Following the change, mortgages of up to £5m are now available up to a maximum of 75% LTV against MV1.
As a result, some applicants' potential borrowing will have increased from a maximum lend of £1m, up to £5m.
While the lender currently offers up to £10m for eligible borrowers, this increase to £5m for up to 75% LTV will impact a significant portion of applicants, said Atom.
For the majority of borrowers seeking a RLS facility, the bank will now allow lending up to the scheme maximum loan size of £2m, for LTVs of up to 75%.
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Atom bank will be closing for new RLS applications from midnight Tuesday 28th May, with reduced rates on the range until that time.
Tom Renwick, head of business lending at Atom bank, commented: “It was clear from our discussions with brokers that there was a real gap in the market for higher LTV lending on these larger mortgages, so we’ve reacted to that.
“These changes demonstrate how serious Atom bank is about supporting the UK’s SMEs with their borrowing needs, and mean we will be able to work with a much wider range of businesses, helping them meet their growth ambitions.
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