Atom Bank announces new cuts to near prime rates

Atom Bank has announced a raft of rate cuts to its near prime mortgage range.

Rates have reduced by 0.10% on near prime products up to 85% LTV, now available from 4.74%.

The rate improvements follow recent research from Atom which revealed the vast majority (93%) of brokers had seen an increase in enquiries from clients with adverse credit in 2025, while around three quarters (74%) of those polled expect to see a further rise in interest this year.

Last year, Atom introduced two new product fee tiers, available at £1,500 and £1,995, in response to feedback after brokers had called for broader choice for clients with large loans or whose main focus was on keeping monthly repayments as low as possible.

Alongside the new product fee tiers, the bank increased its maximum LTV on near prime products to 90%.

Richard Harrison, head of mortgages at Atom Bank, said: “Near prime can no longer be viewed as a niche within the mortgage market. The challenges of recent years have resulted in temporary payment issues for some households, but with those troubles now behind them they need an understanding approach from mortgage lenders.

“We have looked to pass on rate cuts whenever we can, as we are determined to ensure brokers and their clients have access to a broad range of competitively priced near prime products. We will continue to identify ways in which our near prime proposition can be further enhanced across the year ahead as we continue to build our reputation for ease, speed and value in this space.”