In the three months to October, Atom received a record number of applications for commercial mortgages, up by 43% on the level of applications received in the same period of 2023.

The bank also set a new record for the value of offers provided over the three months,  beating the previous record which had just been set in the preceding quarter. The level of offers was up by 142% compared with the same period last year.

Atom has already surpassed the 2023/24 financial year in terms of the value of offers and completions for commercial mortgages. It also passed the milestone of £1bn in commercial completions back in June 2024.

Commenting on the latest figures Atom’s head of business lending Tom Renwick said: “We have made significant improvements to our commercial origination processes to deliver significantly faster credit assessment speeds that allow business borrowers to receive the certainty they require to proceed with their plans quickly.”

He added: “There is way more to come too as we make some transformative upgrades in the early part of next year, so watch this space.”