"Atom bank is committed to delivering great value to borrowers, even if they have an imperfect credit history, and I’m certain brokers will welcome this latest round of rate cuts"
- Richard Harrison - Atom bank
Atom bank has reduced rates across its Prime and Near Prime residential mortgage ranges, with cuts of up to 0.10% on Prime products and up to 0.15% on Near Prime offerings, effective immediately. Prime mortgages now start at 4.94%, while Near Prime rates are available from 5.04%.
The reductions come alongside an expanded range of Near Prime products with a £1,500 fee. The new options include three- and five-year fixed rates for loans at 60% to 80% loan-to-value (LTV), following the bank’s most successful month on record for Near Prime in July. Since the launch last month, £1,500 fee products have accounted for over 40% of Near Prime demand, appealing particularly to borrowers with larger borrowing needs.
Atom bank has consistently lowered rates throughout 2025, demonstrating its commitment to providing value to a wide range of borrowers, from those with strong credit histories to those recovering from temporary payment issues.
The bank also supports Near Prime borrowers on their journey back to Prime status. Borrowers who improve their financial circumstances by the end of their term are automatically offered a Prime product at maturity. Over the past year, the majority of Near Prime customers have transitioned to Prime products at the end of their fixed terms.
“I am delighted to announce another raft of rate cuts for both our Prime and Near Prime mortgages. Atom bank is committed to delivering great value to borrowers, even if they have an imperfect credit history, and I’m certain brokers will welcome this latest round of rate cuts," said Richard Harrison, head of mortgages at Atom bank. “We continue to set internal records for Near Prime activity on a regular basis. This is testament to the improvements we have made to criteria over the last year, as well as our ability to provide borrowers with an easy app-based journey and clear pathway back to Prime, something many specialist lenders cannot deliver.”
