Tag: Atom Bank
-
Atom Bank Reduces Prime Mortgage Rates
Atom Bank has announced a second round of mortgage rate cuts this month, offering some relief to both first-time buyers and those remortgaging. The online lender has reduced rates across its prime and near prime mortgages, meaning borrowers could potentially save hundreds of pounds a year. Here’s a breakdown of the changes: Prime Mortgages (For…
-
Atom Bank Cuts Mortgage Rates for First-Time Buyers and Borrowers with Small Deposits
Atom Bank has announced a round of mortgage rate cuts, a move that could save borrowers thousands of pounds. The cuts will affect both near prime borrowers (those with a less-than-perfect credit history) and prime borrowers with small deposits. How Much Could You Save? Rates on near prime mortgages are being cut by up to…
-
Atom Bank Throws First-Time Buyers a Lifeline with Bigger Mortgages
Atom Bank has announced it’s making it easier for first-time buyers to get a mortgage, especially those buying in London and the South East. The bank is increasing the maximum amount it will lend compared to a borrower’s income. This is known as the loan-to-income ratio (LTI). For example, someone earning £75,000 a year could…
-
Atom Bank Cuts Rates
Atom Bank has announced some welcome news for borrowers by cutting its mortgage rates, making it cheaper to get a home loan. From today, both near prime and prime mortgages will be affected. This is what’s changing: Near Prime Mortgages Prime Mortgages Richard Harrison, Head of Mortgages at Atom Bank, said the bank is committed…
-
Atom Bank Slashes Mortgage Rates – Good News For Homebuyers!
Atom Bank has announced a cut to its fixed-rate mortgages, offering a glimmer of hope to homebuyers struggling with rising interest rates. The digital lender has reduced rates across its prime mortgage products by up to 0.15%, effective immediately. This means potential homeowners could save money on their monthly repayments. What are the new rates?…
-
Atom Bank Raises LTV to 75% on £5 Million Commercial Mortgages
In a significant move to enhance support for the UK’s small and medium-sized enterprises (SMEs), Atom Bank has announced an increase in the maximum loan-to-value (LTV) ratio for commercial mortgages up to £5 million. This strategic decision raises the LTV cap from previous limits to a new high of 75%, paving the way for more…
-
Atom Bank Reduces Commercial Mortgage Rates
Atom Bank has recently announced a reduction in the interest rates on its commercial mortgages. This move is a boon for businesses looking for competitive financing options, particularly as we approach the end date for applications under a key recovery scheme. In a strategic move to boost its commercial lending attractiveness, Atom Bank has reduced…
-
Atom Bank Reduces Mortgage Rates and Introduces New Loan Options
Atom Bank has announced significant cuts to the interest rates of its Near Prime mortgage range. The reductions, which include a drop of up to 0.30 percentage points, span across various products, providing a more affordable path to homeownership for individuals with less-than-perfect credit histories. The bank’s latest adjustments are most noticeable in its two-year…
-
Atom Bank Slashes Commercial Mortgage Rates
Atom Bank has announced a significant reduction in its commercial mortgage rates. The new rates are now pegged more closely to the base rate, ensuring more competitive loans for business owners. This pricing revision is effective immediately, providing a timely opportunity for businesses to secure funding under more favorable terms. Why This Matters for Small…
-
Atom Slashes Mortgage Rates Again
Atom has just announced a significant rate cut on its Prime mortgage range for residential customers. This is not just a one-time thing; it’s the eighth time they’ve done this since August 2023. Atom bank, known for its innovative app-based banking system, has made a bold move by reducing both low and high Loan-to-Value (LTV)…