Atom bank has made further fixed rate reductions across its Prime and Near Prime mortgage products by up to 0.20 percentage points.

This is the sixth Prime rate reduction the Bank has made since August 2023.

The bank has reduced fixed rates on its Prime products, with two-year rates reduced by up to 0.20 percentage points, three-year rates by up to 0.10 percentage points and five-year rates by up to 0.15 percentage points. On its Near Prime range, 60% LTV rates have been reduced by up to 0.15 percentage points and 85% LTV rates by up to 0.20 percentage points.

Richard Harrison, head of mortgages at Atom bank, said: “In three months, we have reduced rates across our Prime range six times, ensuring we pass on swap rate decreases as quickly as possible so that borrowers can benefit immediately. We also continue to look at the pricing of our Near Prime range, making sure customers who may have experienced credit issues in the recent past continue to get the best possible deal.

“Following our recent capital raise, the Bank is looking to accelerate lending and balance sheet growth as we continue to challenge the established banks. We have a relentless focus on delivering industry leading cost efficiency and service, which allows us to offer better value to a wide range of customers.”