Atom bank, the UK’s highest rated bank on Trustpilot, has announced interest rate cuts across its Near Prime mortgage range.
All Near Prime products, for both purchase and remortgage purposes have been reduced by 0.20%. The cuts apply with immediate effect, and mean that rates now start at 5.39% for those borrowing at up to 60% loan-to-value (LTV).
Going further for Near Prime borrowers
Near Prime is a segment of growing importance for mortgage brokers, with research from Atom bank in November last year establishing that 93% of brokers had seen an increase in demand during 2025, with three quarters (74%) expecting to see further growth throughout this year.
Atom bank has established itself as an innovative lender in the Near Prime market, introducing a series of enhancements to its proposition, including raising the maximum LTV to 90% and introducing new product fee tiers at £1,500 and £1,995 in response to broker feedback.
Atom bank has also introduced the Near Prime Index, a biannual look into the state of the market based on economic analysis, Atom bank’s own data, and broker surveys. The second edition of the Index is due for publication shortly.
Richard Harrison, Head of Mortgages at Atom bank, commented:
“After a turbulent period for the mortgage market, we are pleased to be able to reduce rates across our Near Prime range. This reduction means we can deliver even better value to those looking to borrow with less than perfect credit, irrespective of whether it’s for purchase or refinance, or the size of their deposit.
“Near Prime is clearly growing in importance for brokers, with increasing numbers of clients coming to them with some sort of imperfection in their credit report. Atom bank will continue to look for new ways we can support these borrowers, making it easier and faster for all parties involved.”
