Atom Bank cuts prime and near prime rates by up to 20bps – Mortgage Strategy
Atom Bank has announced rate cuts of up to 20bps across both its prime and near prime mortgage ranges.
With immediate effect, all prime rates have been reduced by 20bps, while rates on the near prime range have dropped by 10bps.
As a result, prime deals now start at 5.29% with a £900 fee with near prime rates starting from 5.29% with a £1,995 fee.
Atom has also recently boosted its near prime proposition to include a range of products at 95% LTV, aimed at borrowers with light adverse history or ‘thin’ credit files who would typically be turned down by many high street lenders.
Atom Bank head of mortgages Richard Harrison said: “By reducing rates across both prime and near prime products, we are providing even better value to borrowers, irrespective of their credit status. We have cut rates where possible recently, quickly passing on improvements in the swap markets to borrowers.”
