Atom bank has once again reduced rates across its mortgage products by up to 0.20 percentage points.

The bank has reduced rates on selected Prime purchase, remortgage, retention and further advance products, with two and three-year rates being cut by up to 0.20 percentage points and five-year rates being cut by up to 0.15 percentage points.

Atom has also cut rates on its two and five-year Near Prime purchase and remortgage products by up to 0.1 percentage points. This range is suitable 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: “Brokers and their clients haven’t had much to cheer about so far this year, but in recent weeks the outlook has started to look more certain and swap rates have begun to fall.

“At Atom, we do everything we can to ensure our mortgages are built to meet customer needs and offer fair value.

“With this in mind, we are pleased to be able to reduce rates across our range, helping both Prime and those Near Prime customers with a less than perfect credit history who may struggle to secure a deal elsewhere.”