"Following recent swap rate movements, we are delighted to be able to further reduce our rates across our prime and retention products"
- Richard Harrison, head of mortgages at Atom Bank
Atom Bank has reduced rates across its entire suite of prime mortgage products. Rates are being reduced by up to 0.15%, following cuts of up to 0.45% at the end of last month.
Highlights of the new range include a two-year fixed rate at 90% LTV, down to 5.54% with a £900 fee. A three-year fixed rate at 95% LTV is down by 15bps to 5.59% with no application fee.
Five-year fixed rates have reduced to 5.04% at 90% LTV with a £900 fee, and to 5.24% at 95% LTV with no fees.
In addition, Atom has cut rates on its retention products by up to 0.15%. Highlights of the range include a two-year fixed rate at 5.64% and a five-year fixed rate at 4.99%, both available up to 75% LTV with no application fee.
Richard Harrison, head of mortgages at Atom Bank, commented: “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.”
