Atom bank has made policy changes and rate reductions to its two-, three- and five-year purchase and remortgage products.

The lender announced it is increasing the offer validity period for remortgage and purchase products to six months.

This includes all application types across purchase, remortgage, retention, further advance and near prime.

The bank will extend any new and current offers to six-month validity where requested.

In addition, it is increasing the time brokers can start the product transfer process to six months before their customers’ current deal expires across all products.

Meanwhile, the lender has introduced competitive rates for its two-, three- and five-year purchase and remortgage products, with reductions of up to 0.35% across the entire range.

Highlights of the new rates include: Three-year fix 4.69% to 31/05/26. 60% purchase £900 fee Three-year fix 4.69% to 31/05/26. 60% remortgage £900 fee Five-year fix 4.34% to 31/05/26. 60% purchase £900 fee Five-year fix 4.34% to 31/05/26. 60% remortgage £900 fee Five-year fix 4.54% to 31/05/26. 80% purchase £900 fee Five-year fix 4.54% to 31/05/26. 80% remortgage £900 fee Five-year fix 4.69% to 31/05/26. 80% purchase no fee Five-year fix 4.69% to 31/05/26. 80% remortgage no fee

Atom bank head of mortgages Richard Harrison says: “Borrowers are facing a challenging period, with higher interest rates and household costs, so we’re making changes that can make a genuine difference.”

He adds: “These changes, alongside our reduced rates, ensure that we are able to support a broad range of borrowers effectively, from those looking to remortgage and reduce costs, to people who are looking to make their dream of home ownership a reality.”