The number of HMOs in the UK has dropped by 9.5% since 2018.

More than 70% of Atom's Near Prime customers have qualified for a Prime product over the past 12 months.

Fixed-rate commercial investment mortgages now start at 5.92%.

The latest cuts follow a similar move by the bank in mid-April when rates were reduced by up to 0.20%.

The latest reductions are the third time Atom bank has cut rates so far in 2025.

The bank has announced that it has improved its variable stressed interest rate calculation for commercial mortgages.

Atom's latest cuts follow several criteria improvements made last year.

The borrower owns a chain of quality hotels in the capital and needed to refinance their existing arrangements.

Atom's latest rate reductions apply with immediate effect and aim to provide a boost to borrowers looking to push on with purchases or refinance ahead of the Christmas break.

Rates have dropped by up to 0.20% across the bank’s Near Prime range and by up to 0.15% across its Prime range.