Atom Bank launches new fixed mortgage and cuts rates

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Atom Bank has launched a two-year fixed rate loan at 1.29 per cent at 75 per cent LTV with a £900 fee.

The loan is available for purchase and remortgage.

The online-only bank has also cut rates across its residential range.

The new rates include:

●      Two-year fixed rate at 1.59 per cent and 60 per cent LTV

●      Five-year fixed rate at 2.24 per cent and 75 per cent LTV

●      Five-year fixed rate at 2.14 per cent and 80 per cent LTV with £900 fee

Atom Bank director of retail mortgage Maria Harris says: “With the launch of the new proposition taking off so well we are keen to continue improving our rates and the range of products we offer.”