Atom bank has reduced its 90% and 95% loan to value (LTV) mortgages rate by up to 0.26 percentage points.

The new reductions for 90% and 95% LTV Mortgages include:

• 2 year fixed 90% LTV rates reduced by up to 0.06 percentage points

• 2 year fixed 95% LTV rates reduced by up to 0.26 percentage points

• 5 year fixed 95% LTV rates reduced by up to 0.21 percentage points

Atom is also launching two new 95% LTV products which include two and five-year fixed rates with £900 product fees. Cashback incentive product variants are also available.

The following criteria will remain in place for its 95% LTV products:

• Minimum loan of £100K

• Maximum loan of £300K

• Not available to self-employed applicants

• Not available for flats

Paul Elliott, head of mortgages at Atom, said: “We’re delighted to be offering truly competitive rates on our 90% and 95% mortgages, to help home buyers ahead of the fast-approaching stamp duty cost increase.

“We are proud that we can help both first-time buyers and those wishing to move, ensuring that our valued customers are getting great rates, on what for many, will be their first mortgage.”