It reduces rates across both low and high LTV products by up to 0.30%
Digital lender Atom bank has announced a further cut on its Prime mortgage rates for residential customers – the eighth time it has reduced mortgage rates since August.
The lender has slashed rates across both low and high loan-to-value (LTV) products by up to 0.30%.
The latest rate cuts include a five-year fixed rate at 60% LTV, now available from 4.84%, and a 95% LTV, now at 5.34%. A two-year fixed rate at 95% LTV is now offered below 6%, at 5.99%.
All repriced products include a free valuation, while remortgage products come with fee-assisted legals.
This reduction in rates follows Atom bank’s recent recognition as the best lending bank in the Smart Money People H2 2023 Mortgage Lender Benchmark Study.
“The market may have slowed somewhat in the run-up to Christmas; however, we believe it’s important to pass on value to customers as quickly as possible, hence our decision to announce further decreases across our Prime range,” commented Richard Harrison (pictured), head of mortgages at Atom bank.
“Winning the Best Bank in the H2 2023 Mortgage Lender Benchmark study caps off an incredible year for the bank and is a testament to the progress we have made in ensuring we are faster and easier to do business with for brokers and their clients.
“A third of our applications are now reaching offer on the same or next day, meaning customers could have a deal wrapped up in time for Christmas.”
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