Atom bank has further cut rates on its Near Prime residential mortgage range, the second reduction in June.
Rates have been cut by up to 0.20% across 2-, 3- and 5-year fixed rates, with the largest reductions applying to products at the highest loan-to-values (LTV).
The lender’s Near Prime products are now available from just 5.04% on 5-year fixed rates, while 3-year fixes start at 5.19% and 2-year fixes are priced from 5.24%.
Richard Harrison, head of mortgages at Atom bank, said: “A second round of rate cuts on our Near Prime range in the month of June demonstrates our determination to provide these borrowers with great value.
“Atom bank will act whenever possible to improve our proposition, from reducing rates to offering greater flexibility. This is a sector where we have ambitions to become the go-to lender for brokers and their clients.
“It’s a huge positive to see that such a large proportion of our Near Prime borrowers are qualifying for a Prime product at maturity and are automatically offered an improved rate.
“This highlights the value of working with lenders who support customers not just after a credit blip, but also as their credit status improves.”
