Borrowers can choose from fixed and discounted products from either the Credit Assist or Credit Assist Mortgage Extra range depending on their level of adverse credit.
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 two-year fixed rate product is available at 3.49 per cent up to 85 per cent loan to value (LTV). The three-year discounted rate is available at 3.94 per cent up to 85 per cent LTV with no early repayment charges.
The Credit Assist Mortgage Extra range is available to borrowers 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.
Borrowers can choose from a two-year fixed rate product at 5.29 per cent up to 70 per cent LTV and a three-year discounted rate product at 5.19 per cent up to 70 per cent LTV with no early repayment charges.
Tracy Simpson, (pictured) head of lending at Cambridge Building Society, said: “We’re committed to introducing solutions that help a wide range of customers, and our newly launched Credit Assist range specifically aims to help those mortgage customers who have experienced credit issues in the past and who are finding it difficult to secure a mortgage.
“Credit Assist helps these customers get back on track. In addition, our experienced team review each application on an individual basis which provides the highest level of support.”
The Credit Assist products replace the society’s Home Solutions range.
