Atom bank has reduced rates on its Prime and Near Prime mortgage products, effective from today (30th January 2025).
Rates for the bank’s 2-year fixed rate Prime products have been cut by 0.10%, covering options for purchases, remortgages, retention, and further advances.
For Near Prime products, 2-year fixed rates available at up to 80% and 85% loan-to-value (LTV) have decreased by up to 0.15%, while 3-year fixed rates at the same LTV bands have dropped by up to 0.10%.
Richard Harrison, head of mortgages at Atom bank, said: “We want our customers to enjoy the fairest possible pricing while getting an offer as quickly as possible.
“As swap rates have moved, we have been able to reduce our own fixed rates across a swathe of two and three-year deals to better support borrowers.
Harrison added: “It’s important these rate cuts include Near Prime products, where we have seen a notable increase in applications in the last 12 months.
“We know that this segment of borrowers is often underserved by the market, and we’re committed to opening up mortgage finance to more of those who may have a less than perfect credit rating.
He said: “Atom bank broke a swathe of internal records in 2024, but we are not interested in resting on our laurels – we will continue to offer value, integrate technology to increase speed to offer and adapt our criteria wherever possible to deliver for brokers and borrowers.”
