Editor's note: This brief was summarised by The Property AI Newsroom from a report by PropertyWire. Read the original article for full details.

Atom bank issues £1.75m loan for London-Essex industrial property

Atom bank has provided a £1.75 million commercial mortgage to a property investor for a light industrial unit on the London-Essex border. The loan, arranged at 60% loan-to-value by Jeremy Robinson of Aquilae Capital Advisory, enables the borrower to release capital for further acquisitions of light industrial properties.

The first acquisition under this arrangement is expected to exchange shortly, according to the announcement from Atom bank. The lender has focused on supporting experienced investors seeking to expand their portfolios, particularly in the industrial property sector.

Recent changes to Atom bank's commercial lending

Atom bank has recently made several adjustments to its commercial lending proposition. The minimum loan size has been reduced to £100,000, and a rate discount has been introduced for cases with high debt service cover. From 8 June until 30 September, the procurement fee for all commercial lending applications has increased to 1.75%, while the overall arrangement fee for borrowers remains at 2.00%. The bank has absorbed the difference by reducing its retained portion.

Additionally, Atom bank has revised its pricing structure for larger loans. Facilities between £1 million and £3 million now receive a 0.40% rate reduction, and those above £3 million up to £10 million benefit from a 0.25% reduction.

Industrial property sector activity

The transaction highlights ongoing interest in commercial property refinancing among established investors, especially in the industrial sector along the London periphery. Light industrial properties have attracted investor attention, contrasting with declining new build housing listings in the residential sector.

This development is relevant for UK letting agents and inventory clerks monitoring trends in commercial property investment and lending, particularly in the industrial segment.