The borrower owns a chain of quality hotels in the capital and needed to refinance their existing arrangements.

Atom's latest rate reductions apply with immediate effect and aim to provide a boost to borrowers looking to push on with purchases or refinance ahead of the Christmas break.

Rates have dropped by up to 0.20% across the bank’s Near Prime range and by up to 0.15% across its Prime range.

Atom bank has provided a £3.7 million commercial loan to an Edinburgh-based property investment company with a portfolio of commercial assets.