Atom cuts rates across entire prime mortgage range

The new rate reductions take place with immediate effect and follow a cut of up to 0.45% at the end of last month.

Related topics:  Finance,  Mortgages
Property | Reporter
20th June 2024
Atom bank 565
"Following recent swap rate movements, we are delighted to be able to further reduce our rates across our Prime and Retention products, delivering even greater value to brokers and their customers"
- Richard Harrison - Atom bank

Atom bank has announced that it has reduced rates across its entire suite of Prime mortgage products by up to 0.15%.

The latest cuts are likely to increase the bank's appeal for borrowers with smaller deposits, a vital area of the market the bank has long supported.

Following the changes, the new range includes:

Two-year fixed rate at 5.54% with a £900 fee at 90% LTV (was 5.69%)

Three-year fixed rate at 5.59% with no application fee at 95% LTV (was 5.74%)

Five-year fixed rate at 5.04% with a £900 fee at 90% LTV (was 5.19%)

Five-year fixed rate at 5.24% with no application fee at 95% LTV (was 5.34%)

In addition, Atom bank has cut rates on its Retention products by up to 0.15%. Highlights of the range include a two-year fixed rate at 5.64% and a five-year fixed rate at 4.99%, both available up to 75% LTV and with no application fee.

Richard Harrison, Head of Mortgages at Atom bank, commented: “Following recent swap rate movements, we are delighted to be able to further reduce our rates across our Prime and Retention products, delivering even greater value to brokers and their customers.

“This will be particularly welcome for those with smaller deposits, given the challenges such borrowers face in accessing the market. Atom bank has established itself as a champion of this segment of the market, and we will continue to focus on supporting such customers on their mortgage journey.”

“We were delighted to again be named Best Bank in the latest Smart Money People Broker Survey. We know brokers love our speedy service and easy criteria, so we hope news of further rate cuts will be welcome.”

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