Atom bank has reduced rates across its residential mortgage range, with cuts of up to 0.15% now in effect on both Prime and Near Prime products.
Rates now start from 4.69% on Prime and 4.84% on Near Prime, widening choice for borrowers following a series of enhancements to the lender’s proposition throughout 2025.
The move follows the introduction of a new £1,995 fee tier for Atom’s Near Prime range last week, building on a £1,500 tier launched earlier this year.
The additional fee options allow borrowers to tailor pricing either to lower monthly payments or reduce upfront costs, and have proved particularly attractive for larger loan amounts.
Atom has continued to expand its Near Prime offering to meet rising demand from brokers supporting clients with minor credit events.
The lender has increased maximum loan-to-values (LTVs) to 90% and implemented several rate reductions over the course of the year.
Near Prime activity has reached internal record levels, and Atom also launched its twice-yearly Near Prime Index, with the inaugural H1 2025 edition highlighting the need for greater lender flexibility in this segment.
Richard Harrison, head of mortgages at Atom bank, said: “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.”
