Atom bank has reduced rates across its mortgage products for both Prime and Near Prime customers.

The bank has reduced rates across the full Prime product range by up to 0.15%. And all Near Prime rates have been reduced by 0.10% as it continues to help those with less-than-perfect credit.

The 2-year fix at 95% LTV has seen the largest reduction, priced at 6.14% and carries no product fee and offers a free valuation.

Atom has also revealed that in the last 12 months over half (56%) of all completions were for First Time Buyers, reflecting the bank’s focus on helping those customers with smaller deposits who want to buy their first home.

Atom bank head of mortgages Richard Harrison said: “Mortgage rates continue to fall at Atom. This is good news for customers, particularly those who are looking to take their first step onto the property ladder as we continue to support them with great value on our higher LTV products.

“We understand that First Time Buyers have arguably been impacted the most by the increase in house prices, higher interest rates and the cost-of-living crisis. That’s why we’re proud of the fact that the majority of our lending over the past 12 months has been to this group. Our latest rate reductions, with cuts to higher LTV products, highlight our continued focus on delivering speed, ease and value to the customers who need it most.”

The Durham-based bank, the UK’s first app-based bank ,launched operations in April 2016, and offers mortgages and savings through its app, alongside secured business lending for small and medium-sized enterprises.