Atom bank has reduced rates across its prime mortgage range.
Two-year fixed rate prime products have been cut by up to 0.15%, while rates on three- and five-year fixed rates have been lowered by 0.10%.
The lender’s rates now start at 5.19% for two-year deals, at 5.14% for three-year products and at 5.04% for five-year fixed rate products.
Atom bank head of mortgages Richard Harrison says: “This rate reduction, coming so soon after we cut our Near Prime rates, is a great demonstration of our commitment to supporting buyers of all kinds, including those with modest deposits.”
Meanwhile, Fleet Mortgages has made a series of 15 basis point cuts to its range of standard and limited company five-year, fixed-rate products.
The 65% loan-to-value (LTV) zero fee fixed-rate has been cut to 5.49% from 5.64% and the 75% LTV zero fee rate has been reduced to 5.59% from 5.74%.
In addition, the 65% LTV £3,999 fixed-fee rate has been lowered to 5.24% from 5.39% and 75% LTV £3,999 fixed fee rate has been cut to 5.34% from 5.49%.
All products come with a free valuation for properties up to £500k, while there is a maximum loan of £750k on the fixed-fee products.
Fleet Mortgages chief commercial officer Steve Cox says: “There has been a recent shift in the markets and, coupled with the strength of our funding, we have been able to make not just these cuts to our standard and limited company five-year fixes, but last week to our two-year fixes as well.”
Elsewhere, Butterfield Mortgages UK has launched two fixed rate products to meet the needs of international and UK-based high-net-worth individuals.
Available through brokers and direct, the lender has added a two-year fixed rate starting from 5.15% and a five-year fixed rate starting from 4.95%.
These rates are applicable to new loans for owner-occupied facilities on mortgages exceeding £2m and are subject to an individual assessment.
Butterfield Mortgages UK chief executive officer Alpa Bhakta comments: “We are very pleased to introduce these new offerings to the prime central London market, part of our continued commitment to serving the needs of high-net-worth clients.”
