New bank Atom will tonight pull its headline-grabbing five-year fixed-rate mortgage due to "huge demand".

The 1.29% rate with a £900 fee for those who borrow a maximum 60% of their property value is the cheapest-ever five-year fixed-rate mortgage by a considerable margin. The next best is about 1.7% for borrowing the same proportion of your property's value.

Atom will officially axe it at 11.59pm tonight – but as the deal is only available via selected brokers it will now be unattainable for most, given there were only a couple of hours of the working day remaining at time of publication.

The deal was described by broker London & Country as "the lowest ever, by a mile" when it launched last week.

The 1.29% product was one of a number of market-leading deals Atom launched last Wednesday. None of the others will be pulled tonight but could yet go at any point due to huge demand.

Martin Lewis
Get Our Free Money Tips Email!

Have your say