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West One adds two-year fixes; Atom relaunches prime and near-prime deals – round-up

  • 22/11/2022
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West One adds two-year fixes; Atom relaunches prime and near-prime deals – round-up
West One Loans has added to its residential mortgage range with two-year fixes.

This consists of first charge prime plus, prime and near-prime products with rates starting from 7.25 per cent, 8.15 per cent and 9.2 per cent respectively. 

West One launched into the prime market in October with tracker products and then later five-year fixes with rates starting from 6.95 per cent. 

Its residential range is open to first-time buyers, home movers, remortgagors and borrowers with restricted properties who may struggle to get finance on the high street. 

It is also available to those who have non-standard borrowing needs. 

Marie Grundy (pictured), managing director of residential mortgages and second charges at West One, said: “At a time when lending requirements are getting stricter, it’s important for us to help improve access to responsible sources of credit for those who need it. 

“We continuously review the products and services we offer, and work closely with our network of specialist distributors to adapt to the changing demands of the market.  

“Since launch the feedback we have had has been excellent and we look forward to welcoming more new customers as we continue to grow the business.” 


Atom Bank relaunches prime and near-prime mortgages 

Atom Bank has re-introduced its range of prime and near-prime mortgages with two and five-year fixes available up to 85 per cent loan to value (LTV). 

Near-prime rates start from 6.49 per cent for a two or five-year fixed fee-paying mortgage at 75 per cent LTV. This goes up to 7.69 per cent for a no-fee deal at 85 per cent LTV, fixed for either two or five years. 

Prime rates start at 5.14 per cent for a five-year fix up to 75 per cent LTV with a £999 fee. 

Richard Harrison, head of mortgages at Atom bank, said: “We’re excited to be expanding our range of products by launching competitive prime and near-prime mortgage products across a broad range of LTVs.  

“We’re on a mission to make the experience of borrowing faster, easier and better value than anyone else in the market, and we look forward to working with our broker panel to develop our proposition even more in the coming months.” 

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