Cambridge launches ‘credit assist’ mortgage range
The Cambridge Building Society has launched a Credit Assist mortgage range to support borrowers who have an impaired credit history due to missed payments, CCJs or defaults on credit agreements.
The Credit Assist mortgage range is offered to those who have up to five missed payments in the last two years on credit cards, mail order, utilities or communications, or who have unsatisfied defaults to the value of £100 in the last two years.
The Credit Assist Mortgage Extra range is offered to customers who have had three or more unsecured loan missed payments, up to two secured loan missed payments and CCJs or defaults satisfied or unsatisfied up to the value of £5,000.
Aaron Strutt, product director at Trinity Financial, says: "If you have missed payments then it does not automatically mean your mortgage will be declined as the lenders are more forgiving than they used to be.
"Some of the biggest banks potentially accept borrowers if they have some adverse credit providing it is declared on the application form. They also do not charge a premium on the rate."
Call Trinity Financial on 020 7016 0790 to secure a credit repair mortgage
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