Atom bank has further reduced rates across its mortgage products by up to 0.25% for customers with clean and less than perfect credit histories.

The bank has reduced rates on selected Prime products, with two and three-year rates being cut by up to 0.25% and 0.20% respectively and five-year rates being cut by up to 0.15%.

Atom has also cut rates on its five-year Near Prime purchase and remortgage products by 0.10%. This range is designed for those customers who sit just below the threshold lenders use to identify someone who has a strong credit score.

Richard Harrison (pictured), head of mortgages at Atom bank, said: “We are committed to helping as many people as possible get onto the housing ladder, so delivering the best value to customers, as soon as we can, is always a fundamental aim of the bank.

“With the increased cost-of-living still affecting many households, passing on rate reductions to new and existing customers enables us to help both Prime and those Near Prime borrowers with a less than perfect credit history who may struggle to secure a deal elsewhere.”