Atom bank has made changes to its mortgage pricing, including special offer rates on its Near Prime products.
Offered through Atom’s network of intermediaries, its Near Prime mortgages are designed to help customers secure a loan when they have less-than-perfect credit. Those who qualify for Near Prime can now get:
- A two-year fixed rate 60% LTV mortgage at 2.45%
- Free valuations for purchase mortgages and remortgages
- Free legal fees for remortgages
- A five-year fixed rate product, starting from 2.79% at 60% LTV
In addition to Near Prime changes, Atom is expanding Prime products available at 80% LTV and is reducing rates on 85% to 95% LTV Prime products too. These include:
- Two-year 85% LTV rates reduced by 0.50 percentage points and five-year 85% LTV by up to 0.30 percentage points
- Two-year 90% LTV rates reduced by up to 0.15 percentage points and five-year 90% LTV by up to 0.10 percentage points
- Two-year 95% LTV rates from 2.69% and five-year 95% LTV from 2.99%
Changes have also been to early repayment charges for two-year and five-year products.
Paul Elliott, head of mortgages at Atom bank, said: “We’re constantly looking to ensure we’re offering the best and most competitive rates to customers who are looking to either purchase a new home or remortgage, and are thrilled to once again unveil market-leading rates.
“This is great news in particular for those with less than perfect credit as these changes we’re making today, coupled with the improvements we made to our Near Prime lending criteria earlier this month, mean that we’re offering outstanding value for customers.”