Atom reduces prime mortgage rates for third time in a month

Atom Bank has made further rate reductions across its entire prime mortgage range, alongside introducing new fee options for 95% LTV products.

Rates on Prime products available up to 90% LTV have been reduced by 0.15%, while existing fee-free 95% LTV options have fallen by 0.20%. 

As a result of the reductions, prime rates start from 4.99% for both two and three-year fixed rate products up to 85% LTV, with a £900 fee.

This is the third series of rate cuts on Atom’s prime range within a month. It also follows the introduction of a new tier of near prime products, available at 95% LTV.

Alongside the rate reductions, Atom has introduced a new suite of products, available at up to 95% LTV, with a £900 fee.

Richard Harrison, head of mortgages at Atom Bank, commented: “Three rate reductions within a month sends a clear message; Atom Bank has a strong appetite to lend, particularly at the higher LTV brackets. These cuts, alongside introducing a selection of products at a new fee tier, mean brokers have even more competitive options available for their prime clients.

“We are combining that value with market-leading speeds, delivering a faster, smoother and great value experience to brokers and borrowers.”