Atom bank has introduced rate cuts across both its Near Prime and Prime product ranges.
Rates on the bank’s Near Prime range are being cut by up to 0.25% to further help those borrowers with less than perfect credit.
Prime products available at 95% loan-to-value (LTV) will see their rates reduced by up to 0.15%, providing further support to those with only modest deposits looking to purchase or refinance their home.
The rate reductions, which take effect from today (Thursday 12th September), come after Atom bank launched a new broker website and rebrand.
Richard Harrison, head of mortgages at Atom bank, said: “Atom bank is passionate about going further in supporting borrowers who may have been poorly served traditionally.
“These rate cuts mean Near Prime borrowers and Prime borrowers with small deposits have even more competitive products from which to choose and can benefit from the speedy service we are building a reputation for.
“We’re delighted that more brokers are now realising how competitive our Near Prime product is, and we are slowly becoming known as a go to for any clients who may have had some credit issues in the past and have been turned down by other mainstream lenders.
“We are committed to working closely with intermediaries to make the changes to our products and processes which mean we are easy to work with and continue to deliver for borrowers who want to make home ownership a reality.”
