Atom bank has reduced rates across its entire suite of Prime mortgage products.
Rates were reduced by up to 0.15% across Atom bank’s range of Prime mortgage products, following a cut of up to 0.45% at the end of last month.
The latest were made to ensure Atom bank remains competitive for borrowers with smaller deposits.
The new range includes: a 2-year fixed rate at 5.54% with a £900 fee at 90% loan-to-value (LTV) (was 5.69%); a 3-year fixed rate at 5.59% with no application fee at 95% LTV (was 5.74%); a 5-year fixed rate at 5.04% with a £900 fee at 90% LTV (was 5.19%); and a 5-year fixed rate at 5.24% with no application fee at 95% LTV (was 5.34%).
Atom bank also cut rates on its Retention products by up to 0.15%.
Highlights of the range include a 2-year fixed rate at 5.64% and a 5-year fixed rate at 4.99%, both available up to 75% LTV and with no application fee.
Richard Harrison, head of mortgages at Atom bank, said: “Following recent swap rate movements, we are delighted to be able to further reduce our rates across our Prime and Retention products, delivering even greater value to brokers and their customers.
“This will be particularly welcome for those with smaller deposits, given the challenges such borrowers face in accessing the market.
“Atom bank has established itself as a champion of this segment of the market, and we will continue to focus on supporting such customers on their mortgage journey.”
“We were delighted to again be named Best Bank in the latest Smart Money People Broker Survey.
“We know brokers love our speedy service and easy criteria, so we hope news of further rate cuts will be welcome.”
