Atom bank reduces Prime rates by up to 0.25%

26 January 2024

● 90% LTV rates now starting from 4.74%
● 3-year fixed rates up to 95% LTV reduced by up to 0.25%
● 2-year fixed rates up to 95% LTV reduced by up to 0.20%
● Application to offer time continues to improve with focus on faster service

Atom bank, the UK’s first app-based bank, has again reduced Prime mortgage rates today by up to 0.25%.

The digital bank has cut the cost of its higher LTV products, with 80%, 85%, 90% and 95% LTV 3-year fixed rate mortgages reduced by up to 0.25% with rates starting from 4.89%.

Atom bank has also reduced its 2-year fixed rates at 90% and 95% LTV by up to 0.20% (rates starting from 5.19%) and all 5-year fixed rates have been cut by up to 0.15%, with rates now starting from 4.54%. All these products come with a free valuation and remortgage products feature fee-assisted legals.

These rate cuts are the latest reductions by Atom bank, which has consistently reduced the price of its mortgages over the last six months, while at the same time as continuing to quicken its application to offer times - providing an even slicker process and better value for brokers and their customers. Continued improvements mean that Atom bank is currently offering nearly 1 in 4 mortgage applications the very same day.

These changes follow December’s announcement that Atom bank has been awarded Best Bank in the Smart Money People H2 2023 Mortgage Lender Benchmark Study, which covers mortgage broker opinions on UK mortgage lenders for the second half of 2023.

Richard Harrison, Head of Mortgages at Atom bank commented:

“We are really pleased to be able to deliver yet another rate reduction to customers, cutting prices at higher LTVs as we continue to help this vital segment of the market.

“This latest round of cuts will make our mortgages even more accessible to a greater number of aspiring homebuyers and remortgagors, and behind all of our products is a speedy digital process that delivers increased certainty as well as excellent value.”