In its prime range, its no-fee two-year fixed rate at 95 per cent loan to value (LTV) has fallen to 6.14 per cent and comes with a free valuation.
All near prime rates have fallen by 0.1 per cent and are aimed at those with less-than-perfect credit.
The lender said that in the last 12 months around 56 per cent of completions were for first-time buyers.
Richard Harrison, head of mortgages at Atom, said: “Mortgage rates continue to fall at Atom. This is good news for customers, particularly those who are looking to take their first step onto the property ladder as we continue to support them with great value on our higher LTV products.
“We understand that first-time buyers have arguably been impacted the most by the increase in house prices, higher interest rates and the cost of living crisis. That’s why we’re proud of the fact that the majority of our lending over the past 12 months has been to this group.
“Our latest rate reductions, with cuts to higher LTV products, highlight our continued focus on delivering speed, ease and value to the customers who need it most.”
Coventry BS lowers resi and BTL rates
Coventry Building Society has lowered residential and buy-to-let rates for new and existing borrowers, with the changes coming into force from 8pm on 20 November.
On the residential side, the lender is cutting all fixed purchase new business rates and all fixed rates for existing borrowing.
Within its new business residential range, the firm is lowering all two-year fee remortgage rates at 80 and 85 per cent LTV, all no-fee two-year fixed remortgage rates, all three-year remortgage rates, all five-year five fee remortgage rates and all five-year no-fee remortgage rates barring those at 65 and 85 per cent LTV.
In its buy-to-let range, all new and existing borrower fixed rates have been cut.