Atom bank reduces Prime low LTV mortgage fixed rates

23 November 2023

● Prime mortgage rates reduced by up to 0.20%
● 5-year fixed rates now start from 4.84%

Atom bank has lowered rates again on its Prime mortgage range for residential customers, the seventh time the bank has reduced mortgage rates since August 2023.

The UK’s first app-based bank has cut low LTV rates by up to 0.20% with a 5-year fix at 60% LTV now available from 4.84%, with a £900 fee.

This latest rate reduction also means that Prime 2-year fixed rates start from 5.29% and 3-year fixed rates from 5.14%.

Atom’s highly competitive pricing is in addition to the bank’s market-leading service proposition, which focuses on speeding up processes for brokers and their clients. Over the last four months, more than one in five (21%) applications with the bank have been approved on the same day, with over a third (34%) gaining approval the same or next day.

All reduced products come with a free valuation and remortgage products feature fee-assisted legals.

Richard Harrison, Head of Mortgages at Atom bank commented:

“We’re delighted to be able to introduce these new rate reductions, which are the seventh set of cuts since August. This particular move is focused on supporting lower LTV customers and providing a greater incentive to remortgage. It also complements the enhancements we recently made to benefit higher LTV borrowers.

“Our 60% LTV 5-year products are now priced below 5% and we expect them to be well received by brokers and their clients, given where rates have been over the last 12 months.

“At Atom, we are all about providing speed, ease and value to our intermediary partners and their clients and these reductions further demonstrate our continued lending appetite, supported by the strength of our service proposition.”

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