Atom Bank has reduced rates on its near prime residential mortgage range by 0.1% on two- and three-year fixed rate deals up to 85% loan to value (LTV).
Rates for near prime deals will now start from 5.39% and 5.24% for two- and three-year fixes respectively.
Pricing on the bank’s five-year fixed rate near prime mortgages remains unchanged, with rates starting at 5.14%.
The maximum LTV available on near prime mortgages was increased to 90% earlier this year.
The bank says it has received record levels of activity on its near prime range, with applications in April 2025 setting a new high, which it says follows criteria improvements and rate cuts.
Richard Harrison, head of mortgages at Atom Bank, said: “I am delighted to confirm another round of rate cuts on our near prime range, which I know will be welcomed by brokers and their clients. We are determined to provide borrowers with great value, even if they have experienced a temporary payment blip in the past.
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“We are really proud of the fact that the majority of our near prime customers have qualified for a prime product at maturity in the last year. We continue to provide a clear path back to prime status for those borrowers who have suffered a temporary credit blip, ensuring that they get back on a sound financial footing when the time is right.”
