"We are pleased to announce rate reductions across both our core product ranges to help more borrowers achieve their home ownership aspirations."
- Richard Harrison, head of mortgages at Atom Bank
Atom Bank has announced rate reductions across its near prime and prime product ranges.
Rates have dropped by up to 0.20% across the Bank’s near prime range and by up to 0.15% across its prime range.
For near prime, two-year fixed rate products are being reduced by 0.20%, while three-year fixed rates and five-year fixed rates are reducing by 0.10% and 0.15% respectively.
As a result, two-year fixed rates now start at 6.04%, three-year fixed rates start at 5.89% and five-year fixed rates at 5.49%.
For prime, two-year fixed rate products are being reduced by 0.15%, while three-year fixed rates and five-year fixed rates are reducing by 0.10%.
This means that two-year fixed rates start at 5.39%, three-year fixed rates from 5.19% and five-year fixes at 4.94%.
Richard Harrison, head of mortgages at Atom Bank, commented: “We are pleased to announce rate reductions across both our core product ranges to help more borrowers achieve their home ownership aspirations.
“We know that those borrowers with less than perfect credit can often find it difficult to secure a mortgage. We believe that our increased use of technology to speed up decision making on near prime cases, alongside our competitive pricing and flexible criteria can provide these borrowers with a fantastic route to getting on the ladder."
