We’ve lowered the rates on all of our products

Today, 14th August, Atom has announced rate cuts across both its Prime and Near Prime mortgage ranges.

With immediate effect, all Prime rates have been reduced by 0.20%, while rates on the Near Prime range have dropped by 0.10%. As a result, Prime deals now start at 5.29% with a £900 fee with Near Prime rates starting from 5.29% with a £1,995 fee.

The rate reductions across all products highlight Atom’s determination to offer competitive pricing alongside fantastic service. In June, Atom also announced setting a new internal record for Near Prime time to offer, with 36% of Near Prime applications receiving an offer on the same day, surpassing a record set in May when 33% of Near Prime applications received a same-day offer.

Richard Harrison, Head of Mortgages

“By reducing rates across both Prime and Near Prime products, we are providing even better value to borrowers, irrespective of their credit status. We have cut rates where possible recently, quickly passing on improvements in the swap markets to borrowers.

“However, competitive rates alone are not always enough. Speed is also a key part of our proposition, with offers delivered sometimes within seconds even on our Near Prime range, giving brokers and their clients greater peace of mind and clarity. And, with lending available at up to 95% LTV for both Prime and Near Prime, we can consider a far wider range of potential borrowers, particularly first-time buyers.”

How to place an application

Brokers can place an application by logging onto the Portal.