Atom Bank has recently announced a reduction in the rates on their purchase and remortgage loans. This move is expected to provide a boost to the UK housing market, as it will make it easier for people to purchase or remortgage their homes.
Atom Bank is a digital-only bank that was founded in 2014. They offer a range of products, including mortgages, savings accounts, and current accounts. The bank has been praised for its innovative approach to banking, and for its commitment to providing customers with competitive rates.
The reduction in rates on purchase and remortgage loans is part of Atom Bank’s strategy to make home ownership more accessible. The new rates are expected to be lower than the market average, making it easier for people to purchase or remortgage their homes. The bank is also offering a range of incentives, such as cashback and free legal fees, to encourage people to take advantage of the new rates.
The reduction in rates is expected to benefit both first-time buyers and existing homeowners. First-time buyers will be able to take advantage of the lower rates to purchase their first home, while existing homeowners may be able to save money by remortgaging their current home.
Atom Bank’s decision to reduce rates on purchase and remortgage loans is a welcome move that is likely to benefit many people across the UK. The lower rates will make it easier for people to purchase or remortgage their homes, and the incentives offered by the bank should encourage more people to take advantage of the new rates. This move is expected to provide a much-needed boost to the UK housing market.