Atom has launched many near prime products, with prices starting at 5.09%.
These deals come with a £1,500 arrangement fee, which offers up to 90% of the loan value.
This range includes purchase and return transactions.
The two-year repair volume started at 5.09%, while three- and five-year transactions started at 5.24%.
If the borrower improves his credit profile enough, the borrower who will cancel Atom’s near-home transaction will receive a full-fledged maximum interest rate.
Lenders say 70% of borrowers in mature, nearly homeless transactions over the past year are eligible for premium rates.
“This new product will certainly be welcomed by brokers and their near-vote clients,” said Richard Harrison, head of Atom mortgage.
“Higher arrangement fees provide customers with lower interest rate options, especially those who borrow higher loan amounts.
“Atom is determined to offer a bigger option for those who may have experienced temporary credit lines in the past, but wants to raise funds for the property purchase or cash out.”
Atom trimmed rates close to the limit twice in June.
