Cambridge Building Society has introduced a new range of products aimed at borrowers with an impaired credit history.

The new range of ‘credit assist’ mortgages replace the lender’s previous ‘home solutions’ mortgage products.

The range is available 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.

An 85 per cent LTV two-year fix at 3.49 per cent, and an 85 per cent LTV three-year discount at 3.94 per cent have been added to the credit assist range.

Furthermore, for 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, the lender has introduced the ‘credit assist mortgage extra’ range.

Notable deals within this range include a 70 per cent LTV two-year fix at 5.29 per cent, and a 70 per cent LTV three-year discount at 5.19 per cent.

Cambridge Building Society head of lending Tracy Simpson says: “At the Cambridge we are 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.”