Atom bank has reduced interest rates on its near prime range, dropping rates by up to 0.30 percentage points. Two-year fixed rate products have been reduced by between 0.10 percentage points and 0.30 percentage points, while five-year fixes have been cut by between 0.15 and 0.30 percentage points. As a result, two- and five-year fixes now start from 6.14% and 5.64% respectively. The lender has also launched a new three-year fixed rate near prime range to provide brokers and their clients with a wider range of options. The product starts at 5.99%, with mortgages available between 60% and 85% LTV.

Buy to Let by Foundation has introduced a new group of products, the buy-to-let (BTL) pound-for-pound (£4£) remortgage. The new two-year fixed-rate products are for those landlord borrowers who require no additional borrowing, with options in the F1 range, for clients with an almost clean credit history, and F2 range, for clients with historical blips on their credit rating. As they are underwritten on a £4£ basis, it means that the lender can offer landlords more favourable remortgage terms, assessing rental cover at 125% ICR rating regardless of the applicant’s taxpayer status. The F1 and F2 two-year product is available at 6.59% and 6.74% respectively, and are both available up to 75% LTV for individuals and limited company borrowers. The loan size ranges from £50,000 to £1.5m and it comes with a 1.5% product fee.

Together has reduced rates across its personal finance range, with reductions being made to its first and second charge products, as well as its consumer BTL products. The firm has dropped its first charge rates by up to 130 bps, with first charge mortgages starting from 7.99% for a five-year fix and 8.20% for a two-year five. Variable rates are available from 10.05%. On its second charge range, rates have been cut by up to170 bps, with two- and five-year rates starting from 8.50% and 8.30% respectively. Variable products on the second charge range now start from 10.45%. Consumer BTL rates for first charge products have been reduce by up to 205 bps, and will start at 6.95% and 7.10% for five- and two-year fixes respectively. For variable rates, first charges will start at 9.05% and second charges from 9.40%.

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