Atom bank has launched a number of new Near Prime products, available for both purchase and remortgage purposes.
The new products come with a £1,500 arrangement fee, and include 2-, 3- and 5-year fixed rates.
They also cater to those looking to borrow at 75%, 85% and 90% loan-to-value (LTV).
Rates start at 5.24% for both the 3- and 5-year fixed rates, and 5.09% for the 2-year fixed rates.
The launch of the new products complements Atom bank’s existing range of Near Prime mortgages, which includes options with a £900 arrangement fee or no arrangement fee.
Richard Harrison, head of mortgages at Atom bank, said: “This new range of products are sure to be welcomed by brokers and their Near Prime clients.
“The higher arrangement fee opens up lower interest rate options for customers, particularly those borrowing higher loan amounts.
“It’s another example of how Atom bank is determined to provide greater choice to those who may have experienced a temporary credit blip in the past but want to raise finance for either a property purchase or remortgage.
“Our creative approach to product development and criteria has transformed Atom bank’s standing in the Near Prime space, not only resulting in record levels of activity but helping us to become one of the first choice lenders for brokers whose clients aspire to regaining Prime status.”
