Rates on the bank’s range of two-year fixed rate prime products have been reduced by 0.10%. These include products for purchase, remortgages, retention and further advances.
Atom bank has also reduced rates on select near prime two- and three-year fixed rates, with the two-year products, available at up to 80% and 85% LTV, have dropped by up to 0.15%, as well as three-year fixed rates at those same LTV bands having been cut by up to 0.10%.
The rate changes are taking immediate effect.
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The news follows the bank cutting rates across its variable and fixed commercial products earlier this month.
Commenting on the latest rate reductions, Richard Harrison, head of mortgages at Atom bank (pictured above), commented: “We want our customers to enjoy the fairest possible pricing while getting an offer as quickly as possible.
“It’s important these rate cuts include near prime products, where we have seen a notable increase in applications in the last 12 months.
“We know that this segment of borrowers is often underserved by the market, and we’re committed to opening up mortgage finance to more of those who may have a less than perfect credit rating.”
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