Atom Bank and Assetz Capital partner to boost commercial market access
Assetz Capital will act as a key introducer of commercial loan applications for Atom
Atom Bank is partnering with business lender Assetz Capital to broaden its access to new areas of the UK market.
Assetz will act as a key distribution partner for commercial mortgage loan applications for Atom, with an origination team covering the whole of the UK.
The partnership follows recent news that Atom has crossed over into profitability and generated more than £1bn in commercial mortgage quotes since April.
“We want to help as many businesses as possible, with our sights set on growth as we offer brokers and customers alike a better lending experience,” Atom head of intermediary distribution David Castling said.
“A partnership with a specialist originator such as Assetz complements our existing broker network and provides us with access to new professional and direct markets for commercial mortgages.”
Assetz has seen steady growth rates, recently surpassing £1.7bn of business lending to more than 1,000 companies.
“This strategic partnership with Atom will help Assetz to extend our reach in the owner occupied and professional property investor commercial mortgage market space nationwide,” Assetz Capital managing director Andrew Charnley said.
“Both Atom and Assetz have played significant roles supporting SMEs during Covid-19, as accredited standalone lenders under the Coronavirus Business Interruption Loan Scheme, and it is upon this support of the UK commercial mortgage market that we wish to build,” he added.