Close to one in five individuals with adverse credit say they plan to purchase a property in the next year, a study shows.

The latest Adverse Credit Study from Pepper Money found that 18% of people who  experienced some form of adverse credit in the last three years are still planning to buy, an increase from 14% in the last report, published in May.

According to the research, 12% of people with adverse credit intend to buy a home to live in over the next 12 months, whilst 6% want to purchase a buy-to-let property to rent out.

Full details of the study will be published in the new year, featuring insights into the latest adverse credit trends, the role of brokers, money management and mental health.

Pepper Money sales director Paul Adams says: “The Pepper Money Adverse Credit Study provides important insights into the millions of people who have experienced a blip on their credit file. The latest research indicates growing optimism amongst people with adverse credit, with more than 1.13 million planning to purchase a property in the next 12 months.

“This presents a significant opportunity for brokers to provide much-needed advice to customers who may have limited options with the high street lenders. The report comes out in the new year, and I would recommend it to any broker who wants to gain greater insights into the circumstances and concerns of their customers.”