The bank has already reduced rates on selected prime purchase, remortgage, retention and further advance products, with two and three-year fixed rates being cut by up to 0.20 per cent and five-year rates being lowered by up to 0.15 per cent.
Atom has also decreased rates on its two and five-year near prime purchase and remortgage products by up to 0.10 per cent. It’s a range that is tailored for those customers who are just below the threshold lenders use to identify clients who have a strong credit rating.
Richard Harrison, head of mortgages at Atom, said: “Brokers and their clients haven’t had much to cheer about so far this year, but in recent weeks the outlook has started to look more certain and swap rates have begun to fall.”
“At Atom, we do everything we can to ensure our mortgages are built to meet customer needs and offer fair value. With this in mind, we are pleased to be able to reduce rates across our range, helping both prime and those near prime customers with a less than perfect credit history who may struggle to secure a deal elsewhere.”
Yesterday, Mortgage Solutions reported that Atom has partnered with climate technology business Kamma so that it can offer a “complete view on climate risks” within its mortgage book.
