Effective immediately, rates for new applications on commercial investment cases now start at 5.88%, while for commercial owner-occupied cases, rates begin at 5.68%, based on cases at 45% LTV or lower.
A further 0.25% rate reduction is available on all cases of between £1m and £4m.
This rate drop followed broker feedback and the bank enhancing its commercial proposition, having previously cut rates for commercial investment borrowers as well as introducing a simplified stressed interest rate.
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Tom Renwick, head of business lending at Atom bank (pictured above), commented: “Atom bank will always act wherever possible to provide brokers and their clients with better value.
“This rate reduction applies to our property investment and trading commercial mortgage fixed rates, and means businesses can benefit from the security of a fixed rate and at a lower cost.
“We know that supporting businesses is about more than just rate however, which is why we have spent so much time and effort streamlining our processes.”
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