The changes come into effect today and reductions apply to both purchase and remortgage, with pricing beginning from 5.64%.
Richard Harrison, head of mortgages at Atom Bank, said: “We have seen significant interest in near prime mortgages already this year, whether from those looking to purchase a new property or refinance an existing home loan, so it’s pleasing to be able to introduce this reduction on our 90% LTV products.
“Given house price growth and the challenges in saving a deposit, high-LTV lending is absolutely crucial, regardless of whether the borrower has a spotless credit record or not. These reductions ensure borrowers continue to benefit from great value and a slick experience with Atom Bank, irrespective of their credit history or the size of their deposit.
“We have more plans to improve our Near Prime range this year as we continue to make our mark in this important area of the market, so watch this space.”
