Mortgage

Atom bank introduces new Near Prime product

“We are delighted to confirm these rate reductions to our Near Prime range, as well as the launch of a new three-year product to provide further choice,” said Richard Harrison (pictured), head of mortgages at Atom bank. “We know that brokers will welcome a wider range of competitively priced products as they cater for those clients who may have the odd black mark in their credit records.

“The challenges of recent years have put household budgets under pressure and will inevitably result in more borrowers with credit blips falling into the near prime category. That’s why Atom bank is committed to delivering not only competitive products for these borrowers, but the best possible experience too.

“We have opened up the greater use of technology on Near Prime cases, such as automated valuations, to ensure that these borrowers benefit from the market-leading response times that our Prime customers already enjoy.”

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