Digital Mortgage by Atom Bank has some updates to their mortgage range, which include relaunching Prime and Near Prime products, reducing rates, moving end dates, and changing SVR.
Their planned changes are set out below, and, of course, they’ll update you if they change anything else.
At 8 am on Tuesday 22nd November, they will be:
Reintroducing Prime products
After being on sale with a small portion of their range for the last few weeks, they are pleased to announce that they are bringing back their full suite of Prime products with competitive rates. Prime products will be available across two- and five-year terms up to 95% LTV, for purchase, remortgage, further advance and retention-only.
Relaunching their Near Prime range
They are reintroducing their Near Prime range with a suite of two- and five-year products up to 85% LTV. Rates will start from 6.49%.
Decreasing existing Prime rates
As well as reintroducing their full Prime range, they are decreasing the rate of their existing five-year fee-free 90% LTV product by 1.15%, going from 6.69% to 5.54%.
Moving end dates
They will be moving product end dates from 31st January to 31st March.
Increasing SVR
They will be increasing SVR from 5.65% to 6.40% for new customers.
