Mortgage borrowers with 90% LTV see biggest rate cuts from Atom bank

Borrowers with 90% loan-to-value (LTV) mortgages are seeing the largest reduction in borrowing costs after Atom bank cut rates on its Prime mortgage range by up to 0.25%. Rates for this segment have dropped by 0.25%, outpacing the 0.20% reduction for 85% LTV products and the 0.10% cut for 95% LTV borrowers. The new Prime rates start from 5.29% for those with at least a 15% deposit, effective immediately. The lender attributed the changes to recent improvements in swap markets and its aim to maintain competitive offerings for both homebuyers and remortgagers. The rate adjustments follow a 0.20% cut earlier this month to Atom’s Near Prime range. Richard Harrison, head of mortgages at Atom bank, emphasized the bank’s commitment to value and service across borrower profiles, noting that application processing times averaged three working days in March. By reducing Prime rates, Atom is passing on savings where they are most pronounced—among borrowers with 90% LTV—delivering the steepest cut to those who typically face higher pricing.