Atom bank has made further rate reductions across its entire prime mortgage range, alongside introducing new fee options for 95% LTV products.

Rates on its prime products available up to 90% LTV have been reduced by 0.15%, while existing fee-free 95% LTV options have fallen by 0.20%. Alongside these reductions, Atom has introduced a new suite of products available at up to 95% LTV with a £900 fee.

As a result of the reductions, prime rates start from 4.99% for both two- and three-year fixes at up to 85% LTV with a £900 fee.

Pepper Money has cut rates further across its residential and affordable home ownership 75% LTV mortgages, including on a number of two-year fixed rate products.

The latest changes are designed to help more customers, including first-time buyers and those purchasing affordable homes.

Residential rates now start from 5.30%, while its shared ownership rates are available at 5.65%. Its right-to-buy and help to buy rates are also available from 6% and 5.90% respectively.

Darlington Building Society has completed an 80% LTV mortgage for a joint application for clients living and working in Saudi Arabia, helping them to purchase a new-build home in Teesside.

The case involved a number of complex factors, including a deposit made up of personal savings alongside a 5% builder contribution.

The society assessed the application on its overall merits, taking an underwriting approach that reflected the applicants’ income profile, overseas employment and wider financial circumstances. The application was supported through The Darlington’s MSO platform, allowing the broker to work closely with a single point of contact throughout the process and secure the £350,000 loan.

JammJar has announced that it will unveil the next generation of its AI-powered mortgage platform later this year.

Taking place on 17 September, the firm’s webinar will showcase a major new release designed to remove more administration, automate more everyday processes and give advisers more time to focus on their clients.

As part of the upgrade, firms will be able to configure JammJar entirely around their own way of working, designing their own processes using an intuitive workflow automation canvas, to define application stages that reflect how cases are managed within their business.

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