Lender has reduced rates of its Prime mortgage products for the second time this month
Digital lender Atom Bank has once again slashed its Prime mortgage rates by up to 25 basis points (bps).
The bank has trimmed the costs of its higher loan-to-value (LTV) products, including 80%, 85%, 90%, and 95% LTV three-year fixed rate mortgages, with rates now starting from 4.89% after a cut of up to 25bps.
Atom bank has also decreased its two-year fixed rates for 90% and 95% LTV by up to 20bps to as low as 5.19%, while all five-year fixed rates have seen a reduction of up to 15bps, with rates beginning at 4.54%. These deals include a complimentary valuation, and remortgage products feature fee-assisted legals.
These rate adjustments mark the latest in a series of cuts by Atom Bank, which has consistently lowered the pricing of its mortgages over the past six months. Earlier this month, the lender made reductions of up to 30bps in its Prime mortgage rates and up to 20bps in its Near Prime rates.
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.
“We are really pleased to be able to deliver yet another rate reduction to customers, cutting prices at higher LTVs as we continue to help this vital segment of the market,” said Richard Harrison (pictured), head of mortgages at Atom bank.
“This latest round of cuts will make our mortgages even more accessible to a greater number of aspiring homebuyers and remortgagors, and behind all of our products is a speedy digital process that delivers increased certainty as well as excellent value.”
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