Atom makes further cuts to prime mortgage rates

Atom Bank has reduced rates across its prime mortgage range for the second time in two weeks.

Rates have been reduced by 0.15% across the range, following an earlier 0.15% reduction in the middle of June.

Rates now start at 5.14% for two and three-year fixed rates up to 85% LTV, with a £900 product fee. For five-year fixes, rates start at 5.19%.

The latest prime rate reductions follow the introduction this week of near prime products at 95% LTV, alongside a rate cut of 0.10% on its existing range of near prime mortgages. 

Richard Harrison, head of mortgages at Atom Bank, commented: “Reducing our prime rates twice within just a couple of weeks is a great example of our determination to provide great value to brokers and borrowers.

“Enhancing our prime range in this way, just days after launching our 95% LTV near prime proposition, highlights our ability to support a wide range of borrowers. We will continue to combine that innovative spirit with great rates and the market-leading speeds for which we have become known.”