Atom bank reduces rates on Prime and Near Prime mortgages
14 August 2025
- Atom bank has reduced rates across its residential mortgage range by up to 0.15%.
- The bank has extended the range of Near Prime products available with a £1,500 fee, to include three and five-year fixed rates
- Digital lender has repeatedly reduced rates throughout 2025, providing borrowers with better value alongside market leading speed to offer
Atom bank, the UK’s highest rated bank Trustpilot, has cut rates across its Prime and Near Prime mortgage ranges.
Rates have been reduced by up to 0.10% on the digital lender’s Prime mortgage products, and by up to 0.15% on Near Prime mortgage products, with the cuts coming into effect immediately.
As a result of these reductions, Prime mortgage products now start at 4.94%, while Near Prime rates are available from 5.04%.
New Near Prime fee products
The rate cuts follow the recent introduction of a raft of new Near Prime products with a £1,500 fee, providing an even wider level of choice to brokers and their clients. Alongside the new lower rates, Atom bank has extended the range of products available with a £1,500 fee, to include three and five-year fixed rates at between 60% and 80% loan-to-value following the most successful month on record for the bank’s Near Prime range in July. The £1,500 fee products account for over 40% of Atom’s Near Prime demand since launch last month, and have proven particularly popular with borrowers with higher borrowing needs.
Delivering better value to borrowers
Atom bank has repeatedly reduced rates throughout 2025, across both its Prime and Near Prime residential mortgage range.
The ongoing cuts demonstrate the bank’s commitment to providing outstanding value to borrowers whether they have an impeccable credit history or have suffered a temporary payment blip.
Supporting the path back to Prime
Atom bank makes it easier for borrowers with an imperfect credit history to regain Prime status. If a Near Prime borrower reaches the end of their term, and they have sufficiently improved their circumstances, they will automatically be offered a Prime product at maturity. Over the past 12 months, the majority of Near Prime borrowers have been offered a Prime product at the end of their fixed term.
The combination of outstanding pricing, flexible criteria and improved LTVs available on the Near Prime range have resulted in Atom bank repeatedly setting new records for Near Prime activity in recent months.
Richard Harrison, Head of Mortgages at Atom bank, said:
“I am delighted to announce another raft of rate cuts for both our Prime and Near Prime mortgages. Atom bank is committed to delivering great value to borrowers, even if they have an imperfect credit history, and I’m certain brokers will welcome this latest round of rate cuts.
“We continue to set internal records for Near Prime activity on a regular basis. This is testament to the improvements we have made to criteria over the last year, as well as our ability to provide borrowers with an easy app based journey and clear pathway back to Prime, something many specialist lenders cannot deliver.”
