Atom Bank cuts near prime rates by 0.20%

Atom Bank has reduced rates across its near prime mortgage range.

All near prime products, for both purchase and remortgage, have been reduced by 0.20%, with rates now starting from 5.39% at 60% LTV.

Research from Atom Bank in November last year revealed that 93% of brokers had seen an increase in near prime demand during 2025, with 74% expecting to see further growth throughout this year.

Atom recently introduced a series of enhancements to its proposition, including raising the maximum LTV to 90% and introducing new product fee tiers at £1,500 and £1,995.

Richard Harrison, head of mortgages at Atom Bank, commented: “After a turbulent period for the mortgage market, we are pleased to be able to reduce rates across our near prime range. This reduction means we can deliver even better value to those looking to borrow with less than perfect credit, irrespective of whether it’s for purchase or refinance, or the size of their deposit.

“Near prime is clearly growing in importance for brokers, with increasing numbers of clients coming to them with some sort of imperfection in their credit report. Atom Bank will continue to look for new ways we can support these borrowers, making it easier and faster for all parties involved.”