British digital-only lender Atom Bank has launched its first range of residential mortgages via independent mortgage advisers.

The bank will now offer residential lending covering self-employed, contractors, lending into retirement, purchase, remortgage, shared ownership, first-time-buyers as well as new-build. Plans are on to roll out buy-to-let mortgages soon.

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After a mortgage has been recommended by the intermediary, customers will be able to log in via the Atom App to receive updates, accept their mortgage offer, and store key documentation.

Atom director of retail mortgages Maria Harris said: “Our mortgages are designed to be easy to understand, with fair and transparent fees and no charges where there isn’t a true cost. We make sure our customers are updated in real time directly via their App. We are also keen to make the process of buying a house quick and painless, in some cases mortgage offers can be made on the same day.”

Atom CEO Mark Mullen said: “Old legacy processes that are institutionalised at the traditional banks simply don’t exist at Atom because we’ve built this bank from scratch. We can offer mortgages that are great value, and a service that is fast, informative and transparent. This is genuinely a revolution in mortgage lending.”

Atom, led by CEO Mark Mullen and Chairman Anthony Thomson, secured banking licence in June 2015. The bank launched banking operations in April 2016 with fixed saver accounts, and SME lending via a panel of specialist business intermediaries. It plans to offer more products in the coming months such as current accounts, debit cards, overdrafts and instant access savings.

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In November 2015, Spanish banking group BBVA agreed to buy a 29.5% stake in the bank for £45m, becoming its largest shareholder.