From 15th February the Melton Building Society will reduce rates across its range of Credit Repair products by up to 0.49%.
The lender will also launch a new Self Build product, free of early repayment charges (ERCs).
Melton Building Society reaffirmed its commitment to helping make home ownership aspirations a reality for those who have suffered light to heavy adverse credit.
The credit repair product range includes 2-year discounted and fixed rates.
The society will consider applicants looking to borrow up to 70% loan-to-value (LTV) whose credit history may include: IVAs or Debt Management Plans; CCJs; bankruptcy; repossession; defaults; and mortgage arrears.
The new standard Self Build 2-year discounted product is available at 6.35%, up to 75% LTV, with a £199 application fee and 0.50% completion fee
Dan Atkinson (pictured), head of intermediaries at the Melton, said: “We’ve listened to feedback from our brokers and we’re delighted to provide new lending options for a range of applicants.
“We are committed to helping people who do not meet the traditional lending criteria of high street lenders, and hope to provide more borrowers with opportunities to own their own home with our new range of products.”
