News in brief – 26 June 2025

Atom bank has cut rates on its near prime residential mortgage range for a second time in June. The lender’s rates have been cut by up to 0.20% across two, three and five-year fixes, with the largest reductions applying to products at the highest loan-to-values (LTV). Atom bank’s near prime products are now available from 5.04% on five-year fixed rates, 5.19% on three-year fixes start at 5.19%, and 5.24% on two-year fixes.

Fleet Mortgages has announced changes to its lending criteria for limited company borrowers, with an overhaul of its policy on lending to special purpose vehicles (SPVs). The lender said the changes mean it can now support more layered ownership models and corporate configurations and be more flexible when it comes to the different company structures it will accept.

London Credit has announced rate reductions across its product range, including cuts of up to 60 basis points (bps) on commercial and semi-commercial bridging loans. Residential bridging rates have also been reduced by up to 24bps. The changes mean London Credit’s pricing now starts from 0.66% for residential loans, 0.74% for semi-commercial loans, and 0.80% for commercial loans.



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