Rates reduced by up to 0.25%
Atom bank has reduced the rates of a number of its mortgage products by up to 0.25%, with selected five-year fixes now available from 4.19%.
The digital lender said its five-year 85% and 90% loan-to-value fee-paying rates are currently among the most competitive in the market, with rates from 4.29% and 4.49% respectively.
More information on Atom’s residential mortgages is available online through the bank’s website.
The price reduction comes after the bank recently made a number of policy changes, which included increasing the offer validity period for its remortgage and purchase products to six months.
“The average cost of a home today remains high, and borrowers are hampered by the cost-of-living crisis, meaning housing affordability remains a significant challenge for many buyers,” commented Richard Harrison (pictured), head of mortgages at Atom bank. “We are making these rate reductions at a time when some lenders have begun to pass on a proportion of the recent increase in swap rates to customers.
“At Atom, we continue to focus on giving borrowers better value for money, and we hope these changes are well received by customers and brokers alike in the current environment.”
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