Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Atom Bank Cuts Prime Mortgage Rates and Launches 95% LTV Options

Atom Bank has announced reductions to its prime mortgage rates and introduced new products available up to 95% loan to value (LTV). The changes include a 0.15% rate cut on prime products up to 90% LTV and a 0.2% reduction on existing fee-free 95% LTV options.

Prime rates now start from 4.99% for both two- and three-year fixed rate products up to 85% LTV, with a £900 fee. This marks the third set of rate cuts in Atom Bank’s prime range within a month.

In addition to the rate reductions, Atom Bank has launched a new range of products available at up to 95% LTV, also with a £900 fee. These changes expand the options available to brokers and their clients seeking higher LTV mortgages.

For letting agents and inventory clerks, these developments may be relevant for clients considering property purchases with smaller deposits, as the availability of higher LTV products can impact demand in the rental and sales markets.