Atom cuts residential mortgage rates by up to 0.15%

Atom Bank has announced a series of rate cuts across its residential mortgage range.

The reductions apply to both prime and near prime products, with rates dropping by up to 0.15%.

Rates now start at 4.69% for prime products and 4.84% for near prime. 

The rate reductions follow the introduction of a new £1,995 fee tier for Atom's near prime range, in addition to the launch of a £1,500 tier earlier this year. The new fee tiers allow Atom to offer mortgage products at a wider range of price points.

Atom also recently increased the maximum LTV on near prime products to 90%.

Richard Harrison, head of mortgages at Atom Bank, commented: “We have shown throughout the year that we are determined to reduce rates whenever possible. We are passing on a recent fall in swap rates by cutting rates across both our prime and near prime ranges to support borrowers, including growing numbers of those with a minor blip on their credit history.

“Our record-breaking levels of near prime activity highlight just how important this sector has become for brokers. They are seeing a much higher proportion of clients who have gone through a temporary credit issue and so need an understanding approach from a mortgage lender. The combination of flexible criteria, high LTVs, and competitive pricing is what Atom Bank has become known for, which is why I’m confident we will set yet more records for near prime lending in 2026 and beyond.”