The rate reductions follow February’s price cuts on the lender’s near prime range.
Mortgage rates for two-year deals now start at 5.19%, while three- and five-year fixes start from 5.14% and 5.04% respectively.
It is the second rate reduction for the prime range so far in 2025. Last month, rates across the near prime range dropped by up to 0.2%.
Richard Harrison, head of mortgages at Atom Bank, said: “Atom Bank is passionate about delivering simple, competitively priced mortgages for residential borrowers, even if they have had temporary credit issues in the past. This rate reduction, coming so soon after we cut our Near Prime rates, is a great demonstration of our commitment to supporting buyers of all kinds, including those with modest deposits.”
The Bank of England base rate currently sits at 4.5%, and according to a survey of mortgage brokers, 54% believe we will see two more rate cuts in 2025.
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