The 2% arrangement will be maintained, with Atom Bank instead reducing its retained portion.
Atom Bank has also improved the interest rate discount available on large commercial loans.
A 0.4% reduction will now apply to loans of £1m-3m and a 0.25% reduction for loans of £3m-10m.
Tom Renwick, head of business lending at Atom Bank, commented: “Our broker partners are the heartbeat of our commercial mortgage proposition, and we are committed to delivering the strategic value they need to champion their clients and the needs of UK businesses.
“By boosting procuration fees and introducing more competitive rates for larger facilities, we are further strengthening our commercial proposition and providing our broker partners with greater commercial flexibility.
Giving brokers the winning edge
Sponsored by Rely
“The broader market continues to neglect businesses seeking smaller loan amounts. We have already seen an excellent response from brokers to these updates, reinforcing our position as we decisively close this funding gap.
“In lowering our minimum loan thresholds, we ensure that all SMEs, regardless of scale, command direct access to the fast, bespoke financing essential for growth”.
Earlier this month, the lender implemented its Flowable process automation engine.
