Atom bank simplifies commercial mortgage pricing and cuts rates
Atom Bank cut rates by up to 0.70%, depending on loan size.
Atom bank has simplified its commercial mortgage pricing and cut rates by up to 0.70%, depending on loan size.
The largest discounts apply to loans between £800,000 and £2m.
The bank reduced the number of price points for each product to limit potential rate changes during the application process.
Discounts of up to 0.25% remain available for properties with an energy performance certificate (EPC) rating of B or above and applications with 200% debt service cover or interest coverage.
The bank also extended its enhanced procuration fee offer until 31st March 2027.
Brokers receive a 1.75% fee on applications submitted before the deadline.
Chris Storey, chief commercial officer at Atom bank, said: “We are passionate about supporting SMEs and the brokers who work with them, and this raft of enhancements to our commercial proposition will help us do just that.
“We know that rate changes during an application are frustrating for both brokers and their clients.
“To fix this, we’ve simplified our pricing structure with fewer price points per product, meaning fewer rate movements and a smoother journey from application to completion.”
Storey added: “Borrowers will also benefit from even better value through a further rate discount on medium-sized loans, while we are recognising the outstanding work brokers do by extending our boosted procuration fee offer into next year.
“There are further improvements planned for the months ahead, as we look to improve the service, speed and value of our commercial lending products and help greater numbers of SMEs to achieve their ambitions.”
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