Atom cuts prime residential rates by further 0.20%

Atom Bank has announced further reductions to interest rates on its prime residential mortgage range.

Rates have been reduced by up to 0.20% across the bank’s suite of two, three and five-year fixed rates, with the largest cuts applied to those at 95% LTV.

The reductions mean that borrowers with a 5% deposit can now obtain a two-year or three-year fixed rate from 5.14%, without a product fee, while five-year fixed rates are available from 5.09%.

This marks Atom's fourth rate cut so far in 2025, following a price reduction in mid-April.

The lender also recently reduced rates on its near prime range and introduced a 90% LTV product.

Richard Harrison, head of mortgages at Atom Bank, said: “We know brokers love our service and speed, so I'm delighted that we have been able to further reduce rates on our prime mortgages once again. This is particularly important for borrowers with small deposits who may have tighter budgets and do not benefit from the widest range of choice. The fact that our largest reductions apply to products for borrowers with only a 5% deposit shows our commitment to supporting those taking their first step onto the housing ladder, who often need to borrow at higher LTVs.

“We will continue to reduce rates wherever possible, and combine this with the market-leading speeds for which Atom Bank has become renowned within the intermediary market.”