Atom bank has launched a number of new near prime products. The suite of near prime products come with a £1,500 arrangement fee and are available for both purchase and remortgage purposes. Borrowers can choose between two-, three- and five-year fixed rates at up to 75%, 85% and 90% LTV. Rates start from 5.24% for the three- and five-year fixes, and at 5.09% for the two-year fixed rates.

Nationwide has reduced rates by up to 0.11% across its two-, three- and five-year products. For first-time buyers, two-year fixes start from 4.13% at 85% LTV with a £1,499 fee, while its five-year fixes at 85% and 90% LTV are available at 4.19% and 4.49% respectively. The 85% LTV product comes with a £999 fee, while the 90% LTV product has no fee. On its remortgage range, Nationwide’s two-year fix starts from 4.44% at 80% LTV with a £999 fee. Its three- and five-year fixes at 85% LTV at 4.60% and 4.24% respectively. The three-year fix has no fee, while the five-year fix comes with a £999 fee.

Newcastle for Intermediaries has cut rates by up to 0.30% across its large loans mortgage proposition. As a result, its mortgages of up to £3m are now available at 4.45% at up to 85% LTV. Furthermore, the range allows for consideration of up to 100% bonus/commission, subject to underwriter discretion, and supports up to 10% overpayments. The range also offers enhanced income multiples of up to 5.5 times and the proposition comes with a service offering access to the firm’s underwriting team.

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