Atom bank has cut rates on its prime residential mortgage range, while Keystone Property Finance has made rate reductions to its two-year and five-year fixed product range.
Atom’s rates have been cut by 0.10% across the entirety of the prime range.
The reprice means 95% LTV rates stand at 5.59% on a two-year fix, 5.44% on a three-year fix, and 5.24% on a five-year fix.
Rates are also being reduced for borrowers looking to raise additional sums with Atom bank, with a drop of 0.10% on both further advance and retention products.
The rate reductions apply with immediate effect.
Elsewhere, Keystone has lowered rates between five and 15 basis points on two-year deals and by 10bps of five-year deals.
Rates will now start at:
• Standard: 3.29%• Specialist: 3.34%• Expat: 4.74%• Holiday lets: 4.89%• Product transfer and product Transfer plus: 4.84%• Switch and fix: 5.69%
Keystone Property Finance managing director Elise Coole says: “Keystone are committed to passing on rate cuts to our brokers and borrowers as soon as we can.”
“We have seen continued SWAP rate stability and favourable market conditions and so have taken immediate action to support our brokers and landlords by repricing.”
This follows rate cuts from NatWest that go live tomorrow. The lender will cut rates by as much as 39bps.
