Atom bank has lowered reduced rates across both its Prime and Near Prime products.

Rates on the bank’s range of two-year fixed rate Prime products have been reduced by 0.10 percentage points. These include products for purchase, remortgages, retention and further advances.

Atom bank has also reduced rates on select Near Prime two and three-year fixed rates. The two-year products, available at up to 80% and 85% LTV, have dropped by up to 0.15 percentage points, while the three-year fixed rates at those same LTV bands have been cut by up to 0.10 percentage points.

Richard Harrison (pictured), head of mortgages at Atom bank, said: “We want our customers to enjoy the fairest possible pricing while getting an offer as quickly as possible.

“As swap rates have moved, we have been able to reduce our own fixed rates across a swathe of two and three-year deals to better support borrowers.

“It’s important these rate cuts include Near Prime products, where we have seen a notable increase in applications in the last 12 months. We know that this segment of borrowers is often underserved by the market, and we’re committed to opening up mortgage finance to more of those who may have a less than perfect credit rating.

“Atom bank broke a swathe of internal records in 2024, but we are not interested in resting on our laurels – we will continue to offer value, integrate technology to increase speed to offer and adapt our criteria wherever possible to deliver for brokers and borrowers.”