Atom bank has further reduced rates across its entire prime mortgage range, alongside introducing new fee options for 95% loan-to-value (LTV) products.
Rates on prime products available up to 90% LTV have been reduced by 0.15%, while existing fee-free 95% LTV options have fallen by 0.20%.
Alongside the cuts, Atom bank has introduced a new suite of products, available at up to 95% LTV, with a £900 fee.
Prime rates start from 4.99% for both two- and three-year fixed rate products up to 85% LTV, with a £900 fee.
Atom bank head of mortgages Richard Harrison says: “Three rate reductions within a month sends a clear message; Atom bank has a strong appetite to lend, particularly at the higher LTV brackets.”
“These cuts, alongside introducing a selection of products at a new fee tier, mean brokers have even more competitive options available for their Prime clients.”
Pepper Money has also made further cuts to residential and affordable home ownership mortgages, including reductions to a number of two-year fixed rate products.
New residential rates will start from 5.30% up to 75% LTV and shared ownership rates will start from 5.65% up to 75% LTV.
In addition, Right to Buy rates will start from 6.00% up to 75% LTV and Help to Buy rates will start from 5.90% up to 75% LTV.
Pepper Money sales director Paul Adams comments: “These latest rate reductions demonstrate our commitment to providing competitive mortgage solutions for both customers and brokers across a wide range of borrowing needs.”
