Atom bank has reduced rates across its prime mortgage products by up to 0.15%, with immediate effect.

The new range includes a two-year fix at 5.54% down from 5.69% with a fee of £900 at 90% loan-to-value (LTV) and a five-year fix at 5.04% reduced from 5.19% with a £900 fee at 90% LTV.

The rest of the range includes: • Three-year fixed rate at 5.59% with no application fee at 95% LTV (was 5.74%) • Five-year fixed rate at 5.24% with no application fee at 95% LTV (was 5.34%)

Atom bank has also cut rates on its retention products by up to 0.15%.

The range includes a two-year fixed rate at 5.64% and a five-year fixed rate at 4.99%, both available up to 75% LTV and with no application fee.

Atom bank head of mortgages Richard Harrison comments: “Following recent swap rate movements, we are delighted to be able to further reduce our rates across our prime and retention products, delivering even greater value to brokers and their customers.”

“This will be particularly welcome for those with smaller deposits, given the challenges such borrowers face in accessing the market.”