Atom bank has announced a series of reductions to the rates on its prime and retention products. Rates on the digital bank’s range of two-year purchase and remortgage products, as well as five-year fixes have been cut by up to 0.30% respectively, while rates on the three-year products have been reduced by up to 0.45%. As a result of these changes, two-year fixed rate now starts from 5.69% with a £900 fee at 90% LTV, while three-year fixed rate deals begin at 5.59%, at 90% LTV with no fee. Five-year fixed rate deals also begin from 5.34% with no fee at 95% LTV.

PRIMIS has appointed Jo Blackburn to the role of key account director, in a move designed to help firms deliver on their strategic plans and co-ordinate development opportunities. As part of the role, Blackburn will work alongside the firm’s sales director, Claire Madge, and her team, to oversee key broker relationships and support their growth. She has worked at PRIMIS since 2017, starting as head of broker services, before moving to operations director a year later, having previously worked in a number of roles at Zurich. PRIMIS has said that the new role will compliment Blackburn’s existing responsibilities, allowing for a more integrated approach that will benefit the key accounts and support its overall business strategy.

Selina Finance has introduced improvements to its criteria, which will enable the lender to accept applications from a wider range of customers. As a result of these changes, up to 100% of bonus, commission, and overtime income can be considered in affordability assessments, provided regular payments are proven. For employed applicants, the minimum time in their current role has been reduced to one month, ensuring that those who have recently changed jobs can access the product range. Alongside this, the maximum loan-to-income has been increased to 6.5 times income for the Selina’s status zero plan.

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