Atom Bank and Family Building Society Cut Mortgage Rates

Rate Reductions Announced by Atom Bank and Family Building Society

As of 17th April 2026, Atom Bank and Family Building Society have announced significant reductions in their mortgage rates. Atom Bank has cut its rates by up to 30 basis points across its prime mortgage range, while Family Building Society has reduced its rates by 25 basis points. These rate cuts follow HSBC’s announcement of a 34 basis point reduction, alongside similar moves by Coventry and Leeds.

Atom Bank’s prime mortgage rates now start from 5.29% for borrowers with a deposit of at least 15%. Products with up to 85% loan-to-value (LTV) have seen a 20 basis point reduction, while 90% LTV products have seen a 25 basis point reduction. Rates for 95% LTV products have been reduced by 10 basis points. These reductions follow a recent 20 basis point cut across Atom Bank’s near prime range, reflecting improved swap market conditions.

Family Building Society Reintroduces 60% LTV Products

Family Building Society has also announced reductions in its owner occupier and buy-to-let ranges, as well as the reintroduction of products at 60% LTV. In its buy-to-let range, two-year fixed rates have been reduced by 25 basis points and five-year fixed rates by 15 basis points. Rates for existing customers, including product transfers and further advances, have also been reduced, with buy-to-let products decreasing by up to 25 basis points.

Family Building Society’s head of intermediary sales, Darren Deacon, has attributed these rate reductions and the reintroduction of lower LTV pricing to relative stability in the Gulf, which has been reflected in market sentiment.