Atom bank has reduced its Prime mortgage rates today (26th January) by up to 0.25%.
The digital bank cut the cost of its higher loan-to-value (LTV) products, with 80%, 85%, 90% and 95% LTV 3-year fixed rate mortgages reduced by up to 0.25%.
Rates on these products now start from 4.89%.
Atom bank also reduced its 2-year fixed rates at 90% and 95% LTV by up to 0.20%, with rates starting from 5.19%.
All 5-year fixed rates have been cut by up to 0.15%, now starting from 4.54%.
All of the listed products come with a free valuation, and remortgage products feature fee-assisted legals.
This was the latest in a series of rate cuts made by Atom bank over the past six months, the most recent being in early January.
The bank is currently offering nearly one in four mortgage applications on the same day.
In December, Atom bank was awarded Best Bank in the Smart Money People H2 2023 Mortgage Lender Benchmark Study.
Richard Harrison, head of mortgages at Atom bank, said: “We are really pleased to be able to deliver yet another rate reduction to customers, cutting prices at higher LTVs as we continue to help this vital segment of the market.
“This latest round of cuts will make our mortgages even more accessible to a greater number of aspiring homebuyers and remortgagers, and behind all of our products is a speedy digital process that delivers increased certainty as well as excellent value.”
