Atom bank has announced a series of rate cuts across its Prime residential mortgage products.

The reductions, which take effect immediately, see rates lowered by up to 0.20% across two, three and five-year fixed deals. The revised pricing includes starting rates of 4.99% for both two and three-year fixed terms, while those with a 5% deposit will now have access to rates from 5.24%.

The move marks the third rate reduction from Atom bank in 2025. The lender has also made notable changes to its Near Prime offering in recent months.

Improvements to its Near Prime range—aimed at customers with less-than-perfect credit profiles—have included successive rate cuts and an increased maximum loan-to-value of 90%. Subsequently, the bank reported record levels of Near Prime applications in February. According to Atom, application values for this segment rose by 70% year-on-year, the highest since it entered the market.

Richard Harrison, head of mortgages at Atom bank, said the rate reductions would further enhance the lender’s appeal to brokers and their clients: “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.”