Atom bank reduces mortgage rates by up to 0.25%

19 October 2023

• Atom bank has further reduced rates on selected Prime and Near Prime products
• Prime reductions up to 0.25% across 60-90% LTV
• Near Prime reductions up to 0.10%

Atom bank has further reduced rates across its mortgage products by up to 0.25% to promptly pass on recent reductions in swap rates for customers with clean and less than perfect credit histories.

The UK’s first app-based bank has reduced rates on selected Prime products, with 2- and 3-year rates being cut by up to 0.25% and 0.20% respectively and 5-year rates being cut by up to 0.15%.

Atom has also cut rates on its 5-year Near Prime purchase and remortgage products by 0.10%. This range is perfect for those customers who sit just below the threshold lenders use to identify someone who has a strong credit score.

Richard Harrison, Head of Mortgages at Atom bank commented: “We are committed to helping as many people as possible get onto the housing ladder, so delivering the best value to customers, as soon as we can, is always a fundamental aim of the bank.

“With the increased cost-of-living still affecting many households, passing on rate reductions to new and existing customers enables us to help both Prime and those Near Prime borrowers with a less than perfect credit history who may struggle to secure a deal elsewhere.”

For more information on Atom’s residential mortgages, visit https://www.atombank.co.uk/mortgages/