Atom bank has extended the rate discount available on its range of large commercial mortgages.

The extension means commercial mortgages of between £1m and £4m will now qualify for a rate discount of 0.25%.

Previously the discount was available on commercial mortgages of between £1m and £2m.

The new discount is available for applications submitted before midnight on 29 November.

The discounted rates for fixed rate loans of between £1m and £4m include 65% loan-to-value (LTV) trading business product has a representative fixed rate of 7.24% while the 45% LTV has a rate of 6.28%.

Within the same range the property investment 65% LTV has a rate of 6.89% and the 45% LTV has a rate of 6.21%.

The lender’s variable rate loans between £1m and £4m trading businesses 65% LTV product has a rate of 2.69% while the 45% LTV product has a rate of 2.17%.

The 65% LTV property investment product has a rate of 2.71% while the 45% LTV has a rate of 2.09%.

Atom bank head of intermediary distribution David Castling says: “Having had great feedback from our broker partners, we are delighted to be able to extend our rate discount to a broader range of large commercial loans.

“Many brokers are currently seeing increased interest from commercial clients across a range of loan sizes, and we want to support them with their plans through competitively priced, bespoke commercial mortgages.”