Atom Bank reduces 90% LTV near prime rates

Atom Bank has announced cuts to its near prime mortgages for borrowers with small deposits.

All products available at 90% LTV, for both purchase and remortgage, have been reduced by 0.10%.

As a result of the reductions, 90% LTV near prime products now start at 5.64% for eligible customers.

This is the second time Atom has reduced near prime rates in 2026, following a 0.10% reduction to 85% LTV products in January.

Last year Atom increased the maximum LTV on its range to 90%, as well as introducing new product fee tiers - available at £1,500 and £1,995 - in response to broker feedback.

Richard Harrison, head of mortgages at Atom Bank, commented: “We have seen significant interest in near prime mortgages already this year, whether from those looking to purchase a new property or refinance an existing home loan, so it’s pleasing to be able to introduce this reduction on our 90% LTV products.

“Given house price growth and the challenges in saving a deposit, high LTV lending is absolutely crucial, regardless of whether the borrower has a spotless credit record or not. These reductions ensure borrowers continue to benefit from great value and a slick experience with Atom Bank, irrespective of their credit history or the size of their deposit.

“We have more plans to improve our near prime range this year as we continue to make our mark in this important area of the market, so watch this space.”