Atom unveils special offer mortgage rates
14 October 2021
Atom bank, which was recently named What Mortgage’s Best Online Lender for the fourth year in a row, has today (14 October) made changes to its mortgage pricing, including special offer rates on its Near Prime products.
Offered through Atom’s extensive network of intermediaries, its Near Prime mortgages are designed to help customers secure a loan when they have less-than-perfect credit. Those who qualify for Near Prime can now get:
- A two-year fixed rate 60% LTV mortgage at a market leading rate of 2.45%
- Free valuations for purchase mortgages and remortgages
- Free legal fees for remortgages
- A five-year fixed rate product, starting from 2.79% at 60% LTV
These limited-time special offers follow Atom’s move to improve its lending criteria for Near Prime mortgages, opening these up to a wider range of potential customers.
In addition to Near Prime changes, Atom is expanding Prime products available at 80% LTV and is reducing rates on 85% to 95% LTV Prime products too. These include:
- Two-year 85% LTV rates reduced by 0.50% and five-year 85% LTV by up to 0.30%
- Two-year 90% LTV rates reduced by up to 0.15% and five-year 90% LTV by up to 0.10%
- Two-year 95% LTV rates from 2.69% and five-year 95% LTV from 2.99%
Changes have also been to early repayment charges for two-year and five-year products.
Paul Elliott, Head of Mortgages at Atom bank, said: “We’re constantly looking to ensure we’re offering the best and most competitive rates to customers who are looking to either purchase a new home or remortgage, and are thrilled to once again unveil market-leading rates.
“This is great news in particular for those with less than perfect credit as these changes we’re making today, coupled with the improvements we made to our Near Prime lending criteria earlier this month, mean that we’re offering outstanding value for customers.”
Unlike traditional banks, Atom bank gives customers the ability to track their mortgage application through every stage of the process, using the Atom bank App.
Since November 2016, Atom has provided over 19,000 mortgage offers worth £3.5bn and has helped more than 17,000 households complete on new mortgages to a total of £3.2bn.
For more information, visit www.atombank.co.uk.
Note to Editors
For more information contact:
Becky Dolan (PR Manager) Becky.Dolan@atombank.co.uk
Leigh Peacock-Goodwin (Head of Marketing & PR) Leigh.Peacock-Goodwin@atombank.co.uk
For Atom bank news and press releases, visit www.atombank.co.uk/newsroom
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About Atom bank
Atom bank launched operations in April 2016, offering market-leading Fixed Saver accounts and secured business lending for small and medium-sized enterprises (‘SMEs’), followed by its automated mobile mortgage proposition in December 2016. Atom launched an Instant Saver in September 2020. With a competitive rate, no short-term bonus, no limits on withdrawals and no minimum amount required at opening, the instant saver offers people much-needed flexibility while their cash works harder for them.
Atom is a mobile only and customer first bank. Based in the North East of England with a team of over 400 people, they’re here to do the right thing by their customers with outstanding levels of customer experience whilst taking the fight to the incumbents with exceptional levels of efficiency. At the heart of the bank is the app, with an award-winning customer support team on hand to help with any queries through phone, chat, email and social media