Atom bank has provided a £1.75m commercial mortgage to help an experienced investor grow their light industrial portfolio.

Atom bank has launched a limited-time increase to commercial mortgage procuration fees alongside improved rate discounts for loans up to £10m.

SMEs can now borrow from £200,000 under Atom bank’s revised commercial mortgage criteria.

Average reductions are 0.30% for trading businesses and 0.20% for commercial investment deals.

The bank set a new monthly record for the highest value of offers in October this year.

The £3.2 million loan was based on market value rather than vacant possession, allowing the client to raise a higher sum.

Prime mortgage rates now start at 4.69%, while Near Prime begins at 4.84%.

The bank’s Near Prime range now includes loan-to-values up to 90%.

UK banks may be overestimating emissions from residential mortgages by up to 50%, according to Atom bank's latest study.

Prime rates now start at 4.84%, while Near Prime rates begin from 5.04%.