Atom Bank completes commercial mortgage within 37 days




Atom Bank has provided a £535,000 commercial mortgage within 37 days.

The loan was provided for MHC Property Limited, an existing Atom bank customer, looking to refinance a commercial investment property, tenanted by a funeral director, while taking on additional borrowing to cover the purchase of a new investment property.

The deal was met with a series of minor issues such as a delay when documents were returned unsigned.

Zoe Morgan, partner at South West Business Finance, commented: “I recommended Atom bank to the client in part because of how speedy the service is, but even I was taken aback by how quickly we were able to get this case over the line.

“I’ve never had a case complete this quickly, the client is absolutely delighted and keen to use Atom bank again for their future funding requirements.”

Anthony Jackson, senior commercial originations manager, added: “This case highlights the work that has gone into our commercial originations and underwriting team to build a strong service proposition that delivers results on a consistent basis, I am delighted to see this providing tangible results for our customers."

 

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