Atom bank has introduced two-year fixed rate near prime product exclusives for Sesame Network’s advisers.

The products are available for various loan to value (LTV) ranges to make the loans more accessible, so those with a smaller deposit might opt for the 75% LTV option which has a rate of 2.89% or the 70% LTV product with a rate of 2.74%.

Those who have a bigger deposit can benefit from lower rates with the 60% LTV – which is priced at a rate of 2.45%. There is also a product option of 65% LTV, with a rate of 2.69%. All four products are fixed for two years and offer customers £250 cashback on approval of the mortgage.

This set of exclusives also brings free valuations for both purchase and remortgage options, as well as fees-assisted legals for remortgaging customers.

Paula Mercer, head of lending at Atom bank, said: “We were delighted to be able to extend our incredible Near Prime mortgage offering to more customers, by partnering with Sesame. These mortgages are aimed at those with less-than-perfect credit and allows us to open up the market to those who may struggle securing a mortgage from traditional lenders.

“We recognise that with the rising cost of living and the current energy crisis, having perfect finances is just not possible for everyone and buying a house is becoming increasingly difficult. We want to help make mortgages more accessible to those people and we hope that these rates will enable us to do so.”

Stephanie Charman, head of strategic relationships at Sesame Bankhall Group, added: “Atom’s innovative approach to lending and technology solutions was a big factor in our partnership and we know that it’s important to our members.

“We are proud to announce these new product exclusives with Atom and offer lower rates to those with less-than-perfect credit. We’re looking forward to opening these rates up to our members and supporting them through the process.”