Atom bank has made further fixed rate reductions across its Prime and Near Prime mortgage products by up to 0.20% – the sixth Prime rate reduction since August 2023.
The app-based bank reduced fixed rates on its Prime products, with 2-year rates reduced by up to 0.20%, 3-year rates by up to 0.10% and 5-year rates by up to 0.15%.
On its Near Prime range, 60% loan-to-value (LTV) rates were reduced by up to 0.15% and 85% LTV rates by up to 0.20%.
Richard Harrison (pictured), head of mortgages at Atom bank, said: “In three months, we have reduced rates across our Prime range six times, ensuring we pass on swap rate decreases as quickly as possible so that borrowers can benefit immediately.
“We also continue to look at the pricing of our Near Prime range, making sure customers who may have experienced credit issues in the recent past continue to get the best possible deal.
“Following our recent capital raise, the Bank is looking to accelerate lending and balance sheet growth as we continue to challenge the established banks.
“We have a relentless focus on delivering industry leading cost efficiency and service, which allows us to offer better value to a wide range of customers.”
