Atom bank has further reduced rates across its mortgage products by up to 0.20%, enabling customers with clean and less than perfect credit histories to benefit from the recent drop in swap rates.

The app-based 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%;  and five-year rates being cut by up to 0.15%.

Atom has also cut rates on its two and five-year near prime purchase and remortgage products by up to 0.10%. This range is aimed at customers who sit just below the threshold lenders use to identify someone who has a strong credit score.

Atom’s head of mortgages Richard Harrison comments: “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.”