Atom bank has cut rates on a selection of its mortgage products by up to 0.20%, a decision aimed at benefiting buyers with smaller deposits. These reductions come as part of Atom’s ongoing commitment to make borrowing “faster, easier and better value for customers.”
The key changes include a 2-year 95% LTV fixed product now available at 6.59%, a 3-year 95% LTV product at 6.44%, and a 5-year 95% LTV deal at 5.89%. All these offerings come with options for purchase and remortgage, and include free valuation.
This rate cut follows Atom’s recent adjustments to its mortgage criteria, aimed at enhancing affordability for those seeking to enter the property market.
Richard Harrison, head of mortgages at Atom bank, said: “It’s tough right now for any aspiring homeowner, so we’re pleased to be announcing rate reductions across a selection of our mortgage products. With a focus on higher LTV products, we hope to take some of the pressure off those who have struggled as a result of the current economic environment.”
Harrison further commented on the speed and efficiency of Atom’s services: “Recent criteria changes and a continued emphasis on using automation to get offers back to brokers and customers in a matter of days means we are able to provide not only exceptional value, but a service that is faster and easier to use. We think this is a compelling proposition in the current market.”
