Branded lender, Abacus Permanent, has launched an adverse credit range. Rates on the new range begin at 5% and offer LTV to 90% for light and medium levels of adverse and to 85% for unlimited adverse.
Marc Turner, head of sales at Abacus Permanent, said: ‘When designing these products we focused on the lending criteria and how they could be adapted to create more competitive products. We will also offer mortgages to newly-discharged bankrupts, whereas most lenders require them to be discharged for up to a year.