Atom bank has reintroduced a suite of near prime and prime mortgage products.

Following a temporary withdrawal from the near prime market at the end of September, Atom is re-entering with a suite of two and five-year term products up to 85% LTV. Near prime rates start from 6.49%.

Atom says it hopes that the near prime products will support those customers who may have less than perfect credit but still aspire to own their own home.

In addition to re-entering the near prime market, Atom has also re- launched a full suite of prime residential products across two and five-year terms up to 95% LTV.

Atom’s biggest rate reduction sees its fee free 90% LTV five-year product reduced by 1.15 percentage points from 6.69% to 5.54%. prime rates start from 5.14%.

Richard Harrison, head of mortgages at Atom bank, said: “We’re excited to be expanding our range of products by launching competitive prime and near prime mortgage products across a broad range of LTVs.

“The average house price has increased by nearly £50,000 over the last two years which, alongside increasing household costs, means it’s a challenging time to be buying a home. Our award-winning range caters for a broad range of borrowers, helping those looking to remortgage and reduce costs as well as people, some of whom may have less than perfect credit, on the journey to making home ownership a reality.

“We’re on a mission to make the experience of borrowing faster, easier and better value than anyone else in the market, and we look forward to working with our broker panel to develop our proposition even more in the coming months.”