Atom has launched a number of near-prime products and cut rates on others by up to 30 basis points.
The lender has today cut near-prime two-year fixed rates by between 10 and 30 basis points and five-year fixes by between 15 and 30 bps.
As a result, two-year fixed rates start at 6.14% and five-year fixed rates at 5.64%.
Its new three-year fixed rates start at 5.99% and go up to a maximum of 85% loan-to-value.
Head of mortgages Richard Harrison says: “We know that brokers will welcome a wider range of competitively-priced products as they cater for those clients who may have the odd black mark in their credit records.
“The challenges of recent years have put household budgets under pressure, and will inevitably result in more borrowers with credit blips falling into the near prime category.
“That’s why Atom bank is committed to delivering not only competitive products for these borrowers, but the best possible experience too.
“We have opened up the greater use of technology on near prime cases, such as automated valuations, to ensure that these borrowers benefit from the market-leading response times that our prime customers already enjoy.”
