Atom bank cuts rates on Prime residential range
15 April 2025
cAtom bank, the UK’s highest rated bank and mortgage lender on Trustpilot, has reduced rates across its Prime residential mortgage range.
Rates have been cut by up to 0.20% on two, three and five-year fixed rates, available up to 95% loan to value (LTV).
As a result of the reductions, both two-year fixed rates and three-year fixed rates now start at 4.99%, while rates for borrowers with a 5% deposit begin at just 5.24%.
The rate cuts take effect immediately, and will provide Prime borrowers with a greater range of competitively-priced options, irrespective of their deposit or preferred fixed rate term.
Delivering for borrowers
The latest reduction is the third time Atom bank has cut rates so far in 2025, demonstrating its determination to provide borrowers with the best possible value.
This commitment also applies to borrowers with a less than spotless credit rating, with Atom bank having made repeated cuts to its Near Prime range in recent months, as well as increasing the maximum LTV available to 90%.
Atom bank’s Near Prime improvements have resulted in record activity levels. In February, the bank received the largest value of Near Prime applications since entering the sector, with applications up by 70% on an annual basis.
Richard Harrison, Head of Mortgages at Atom bank, said:
“These rate reductions mean brokers and their Prime clients benefit from a wider range of competitive deals to choose from. Atom bank is determined to support more borrowers on their homeowning journey, including those with small deposits or an imperfect credit score, who have been underserved by mainstream lenders in the past.
“However, pricing is only part of the story. We have won accolades from brokers because of our outstanding speed, delivering application-to-offer times that are the envy of our peers. We continue to focus on ways in which we can become even faster, and provide borrowers with the certainty and peace of mind that comes from a rapid response.”
