Atom bank has cut interest rates across its fixed and variable commercial mortgages, with fixed rates reduced by up to 0.47% and variable rates falling by up to 0.41%.
The changes are effective immediately, with variable rates now starting at 1.65% over the base rate and fixed rates beginning at 6.23%.
For property investment loans, rates for 65% loan-to-value (LTV) are 3.09% for variable and 7.63% for fixed.
At 45% LTV, the rates are 2.41% for variable and 7.01% for fixed.
All rates are subject to status and assessment.
Loans between £1m and £4m receive a further 0.25% reduction, with variable rates starting from 1.40% over the base rate and fixed rates at 5.97%.
Mortgage brokers can use Atom bank’s Quick Quote tool for quick indicative quotes.
David Castling, head of intermediary distribution at Atom bank, said: “Atom bank is passionate about providing the best possible value to business borrowers, so I have no doubt that this rate cut across our fixed and variable products will be welcome.
“There will be businesses up and down the country looking to kick on with their growth ambitions for the year ahead, and this rate reduction will make external funding more accessible for them.
Castling added: “Just as important is recognising that all businesses are different and providing that flexibility when assessing an application.
“We know that brokers value the fact that Atom bank provides pricing tailored to the individual borrower, rather than employing a ‘one size fits all’ approach.”
