Atom bank has reduced rates across its Prime and selected Near Prime mortgage ranges by 0.10%.
The cuts, which take effect immediately, follow reductions of up to 0.15% in August. Prime rates now start from 4.84%, while Near Prime begins at 5.04%.
For Near Prime purchase and remortgage, 2, 3 and 5-year £1,500 fee products have been cut by 0.10%, along with 2-year £900 fee and fee-free rates.
Across Prime purchase, remortgage, further advance and retention, all 2, 3 and 5-year products have been reduced by 0.10%.
Richard Harrison, head of mortgages at Atom bank, said: “I’m delighted that we have been able to introduce another round of cuts.
“Our frequent rate reductions this year demonstrate how committed we are to providing brokers and their clients with outstanding value.
“Crucially, this focus extends to borrowers with imperfect credit scores, with selected Near Prime products also being reduced.
“Just as important as headline rates is the breadth of options open to borrowers, which is why we have introduced a greater selection of mortgages at different product fees. The combination of price, choice and market-leading speed is why so many brokers are turning to Atom bank.”
The bank said the changes reflect its strategy of delivering value while widening product choice. Atom recently launched a new tier of Near Prime mortgages with a £1,500 product fee, which it said has already proved popular, and increased the maximum LTV on Near Prime products to 90%.
