Atom bank has again lowered rates on its Prime mortgage range for residential customers.

This is the eighth time the bank has reduced mortgage rates since August 2023.

Atom bank has cut low and high LTV rates by up to 0.30% with a 5-year fix at 60% and 95% LTV now available from 4.84% and 5.34% respectively. A 2-year fix at 95% LTV is also now available under 6.00% (5.99%).

These changes follow last week’s announcement that Atom bank has been awarded Best Bank in the Smart Money People H2 2023 Mortgage Lender Benchmark Study, which covers mortgage broker opinions on UK mortgage lenders for the second half of 2023.

All reduced products come with a free valuation and remortgage products feature fee-assisted legals.

Richard Harrison (pictured), head of mortgages at Atom bank, said: “The market may have slowed somewhat in the run up to Christmas, however we believe it’s important to pass on value to customers as quickly as possible, hence our decision to announce further decreases across our Prime range.

“Winning the Best Bank in the H2 2023 Mortgage Lender Benchmark study caps off an incredible year for the bank and is a testament to the progress we have made in ensuring we are faster and easier to do business with for brokers and their clients. A third of our applications are now reaching offer on the same or next day, meaning customers could have a deal wrapped up in time for Christmas.

“We couldn’t have done any of this without the support of our intermediary partners, and we’d like to wish them all a fantastic festive period and a prosperous New Year.”