Perenna and Atom Bank are cutting interest rates on owner-occupied mortgages and near-prime home loans.
Perenna has announced interest rate cuts of up to 21 basis points on its recently launched five-year fixed mortgages.
The new prices include purchase mortgages with an LTV of 4.53% to 60% with a fee of £995 and 4.89% with an LTV of 95% with a fee of £995.
Perenna Chief Operating Officer Colin Bell said: “Perenna will do everything we can to deliver viable products to consumers who want to take full advantage of the benefits that long-term solutions provide.
“We will continue to enter areas of the market where we see opportunities to deliver innovation – improving access, getting families on the ladder and improving the health of the broader mortgage ecosystem through product diversity.”
Meanwhile, Atom Bank has announced interest rate cuts on its near prime mortgages. The lender has cut the interest rate on its near prime home loans by 10 basis points to 85% LTV, now starting at 4.74%.
Richard Harrison, head of mortgages at Atom Bank, said: “Near prime can no longer be seen as a niche within the mortgage market. The challenges of recent years have resulted in temporary payment difficulties for some households, but now that these issues are behind them they need an understanding approach from mortgage providers.
“We have strived to deliver rate cuts whenever we can because we are committed to ensuring that brokers and their clients have access to a wide range of competitively priced near-prime products. We will continue to identify ways in which our near-prime proposition can be further enhanced in the coming year as we continue to build our reputation for convenience, speed and value in this space.”
Most real estate agents have one increase in the number of near-primary studies according to an Atom Bank poll in 2025.