Atom Bank has lowered rates for its Prime and Near Prime rates by up to 0.2%, the second time this month the lender has lowered rates.
The changes to the Prime and Near Prime rates come into force from 26 September.
On the Prime side, two-, three- and five-year fixed rates up to 90% loan to value (LTV) have decreased by around 0.2%, while all Prime mortgages up to 95% LTV have been cut by up to 0.1%.
Within its Near Prime range, two- and three-year fixed rates at 60% and 75% LTV have been reduced by 0.2% and the bank’s five-year fixed rates, available at those same LTV bands, have fallen by 0.15%.
Richard Harrison, head of mortgages at Atom Bank, said: “We are delighted to announce our second batch of rate cuts this month. Our continued focus on price demonstrates how determined Atom Bank is to going further in providing tangible support to those who need it most, but who are not being adequately served by many high street mortgage lenders.
“The combination of rate cuts and ongoing criteria improvements, which have often led the way in the market, are making a tangible difference to brokers and their clients and we will continue to make changes wherever necessary to ensure we remain the go-to choice for intermediaries.”
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Market Harborough BS to reduce fixed rates
Market Harborough Building Society will lower residential fixed rates by up to 0.3%, with changes coming into effect from 1 October.
Two-year fixed rates will be cut by up to 0.3% and three-year fixed rates will fall by around 0.2%.
Residential rates will begin from 6.24% variable and 5.44% fixed for tier one cases up to 75% LTV with a £1,495 fee.
The standard variable rate will also be up by 0.2% to 8.19%.
Iain Smith, Market Harborough Building Society’s head of mortgage distribution, said: “Earlier this year, we launched our Best for Brokers Promise and remain committed to supporting our broker partners and their clients.
“We’re pleased to announce another reduction across our residential and let fixed rates and also bring down our SVR, a change that both new and existing customers can benefit from.”
