While variable rates have been cut by up to 0.76%, fixed rates have fallen by up to 0.73%, with the largest reductions applying to higher LTVs.
Atom bank is also currently offering a rate discount on large commercial mortgages. Those borrowing between £1m and £4m qualify for a rate discount of 0.25%.
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Tom Renwick, head of business lending at Atom bank (pictured above), commented: “I have no doubt that this latest rate cut on our commercial mortgage range will be welcomed by brokers and their clients.
“We know that many SMEs are pushing on with their investment plans now that the uncertainty of the Budget has cleared, and these competitive rates will help set them up for success in the future.
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