Atom bank has reduced rates on its commercial investment fixed rate mortgages, effective immediately.
For products less than 45% loan-to-value (LTV), rates have been reduced by 0.11%.
Rates from 45% to 50% LTV have been reduced by 0.17%, rates from 50% to 55% LTV have been reduced by 0.19%, and rates from 55% to 60% LTV have reduced by 0.25%.
Deals within the 60% to 70% LTV range have decreased by 0.33%, and those from 70% to 85% LTV have been reduced by 0.40%.
As a result of the reductions, fixed rate products now start at 5.92%.
Variable rate mortgages are unchanged. A further discount of 0.25% is available on all loans between £1m and £4m.
Tom Renwick (pictured), head of business lending at Atom bank, said: “I have no doubt that brokers and their clients will welcome these rate reductions which provide businesses with even more competitively-priced options.
“Atom bank is committed to supporting businesses take the next step, and will continue to improve our proposition wherever possible, as demonstrated by both these rate cuts and the recent introduction of simplified stressed interest rate calculations.
“Just as important as delivering great value is providing outstanding service, and we continue to win praise from brokers for our exceptional turnaround speeds.
“The combination of great value and speedy service is why so many brokers are introducing their business clients to Atom.”
