Atom bank has announced cuts to its Near Prime mortgages available to borrowers with small deposits.
All products available at 90% loan-to-value (LTV), for both purchase and remortgage, have been reduced by 0.10%, with the cuts applying from today (19th February).
As a result of the reductions, 90% LTV Near Prime products now start at 5.64% for eligible customers.
Doing more for Near Prime borrowers
This is the second time Atom bank has reduced Near Prime rates already in 2026, following on the heels of a 0.10% reduction to products available up to 85% LTV in January.
The reductions follow research from Atom bank at the tail end of 2025 which found that not only had brokers seen an increase in interest from clients with imperfect credit records, but they expected further growth in enquiries from such borrowers in 2026.
Atom bank has acted on numerous occasions to ensure its Near Prime proposition delivers speed, ease and value for borrowers with imperfect credit histories. Last year it increased the maximum LTV on its range to 90%, as well as introducing new product fee tiers - available at £1,500 and £1,995 - in response to broker feedback.
Atom bank also launched the Near Prime Index, which digs into the state of the market for borrowers with some level of adverse credit, and brings together economic analysis, Atom bank’s own data and broker views on challenges and opportunities for their Near Prime clients.
Richard Harrison, Head of Mortgages at Atom bank, commented:
“We have seen significant interest in Near Prime mortgages already this year, whether from those looking to purchase a new property or refinance an existing home loan, so it’s pleasing to be able to introduce this reduction on our 90% LTV products.
“Given house price growth and the challenges in saving a deposit, high LTV lending is absolutely crucial, regardless of whether the borrower has a spotless credit record or not. These reductions ensure borrowers continue to benefit from great value and a slick experience with Atom bank, irrespective of their credit history or the size of their deposit.”
“We have more plans to improve our Near Prime range this year as we continue to make our mark in this important area of the market, so watch this space.”
