Atom bank has added a new tranche of near prime mortgage products to its offering, introducing options with a £1,500 arrangement fee.

The new products, available for both purchase and remortgage, provide two, three and five-year fixed rates across 75%, 85% and 90% loan-to-value bands.

Rates begin at 5.09% for the two-year fix, with both three and five-year fixed options starting from 5.24%.

The launch follows a series of rate reductions across Atom’s near prime range throughout 2025, including two rounds of cuts in June alone.

The new options complement Atom’s existing near prime products, which include alternatives with a £900 fee or no fee at all, giving brokers and borrowers greater flexibility depending on their circumstances.

Richard Harrison, head of mortgages at Atom bank, said the expansion would be welcomed by intermediaries and their clients. “The higher arrangement fee opens up lower interest rate options for customers, particularly those borrowing higher loan amounts,” he said.

“It’s another example of how Atom bank is determined to provide greater choice to those who may have experienced a temporary credit blip in the past.”

As part of its proposition, Atom offers near prime customers a prime rate automatically at the end of their term, provided they have sufficiently improved their credit status. Over the past year, 70% of borrowers have qualified for such upgrades at maturity.

Harrison said Atom’s approach to product design and underwriting had helped to reposition the bank within the near prime segment.

“Our creative approach to product development and criteria has transformed Atom bank’s standing in the near prime space,” he said, “not only resulting in record levels of activity but helping us to become one of the first choice lenders for brokers whose clients aspire to regaining prime status.”