Atom bank has announced it is making several policy changes and cutting rates to help customers looking to remortgage or make their first step onto the property ladder. The app-based bank revealed it is increasing the offer validity period for its remortgage and purchase products to six months. This includes all application types across purchase, remortgage, retention, further advance and near prime. In another positive move, the bank has also confirmed it is increasing the time that brokers are able to start the product transfer process to six months before their customers’ current deal expires across all products.

LiveMore Capital has reduced the rates on all of its products by 50 basis points. The lender’s rates now start at 6.19% with a £999 product fee and 6.34% for its fee assisted Range, which has no product fee and a free standard valuation. LiveMore’s fee assisted standard legals are also available on all its remortgages. The rate reductions follow LiveMore’s move last week to reduce the age of access to its retirement interest only (RIO) products from 55 to 50 years old.

MPowered Mortgages has announced rate reductions across its five-year fixed products, and all three-year fixed products up to 75% LTV. This is the eighth time the lender has reduced rates on its products since November 2022. On the lender’s prime three-year fixed products with a £999 arrangement fee, it has reduced rates by 0.20%, with rates now starting at 4.54%. Meanwhile, consumers opting for a product with a no arrangement fee benefit from rate reductions of up to 0.27%, with rates now starting from 4.84%. MPowered has also reduced rates across its full range of five-year fixed rate products. New rates on the lender’s five-year fixed rate products begin at 4.41% at 60% LTV.

Fleet Mortgages has announced price cuts to its entire range of fixed-rate products. Advisers will be able to access the reduction in prices which cover all the buy-to-let (BTL) specialist lender’s five and seven-year fixes, as well as its green five-year fix across its standard, limited company and HMO/multi-unit block ranges. Fleet confirmed that rates now start at 5.29% for 65% LTV five-year fixes – available for standard and limited company borrowers – and 5.39% for 75% LTV, with a seven-year fix available at 5.43%.

Zephyr Homeloans has launched a new range of tracker mortgage products. The specialist buy-to-let (BTL) lender confirmed that it is offering 6.20% (BBR + 2.70%) on a lifetime tracker standard BTL mortgage product at 65% LTV for properties with an A to C rated Energy Performance Certificate (EPC), and 6.30% (BBR + 2.80%) on properties with an EPC rating of D or E. Both offers include new-build properties and standard flats above commercial properties, Zephyr confirmed.

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