Bath Building Society has introduced its credit repair range, in response to broker feedback. The range has been designed to help borrowers with historic credit issues to obtain a mortgage at a more competitive rate.

The range offers access to three new products, up to 70% LTV:

RDF185 70% residential 5.69% fixed for two years

RDF174 70% residential 5.39% fixed for five years

RDD177 70% Residential 2.15% discount from SVR for two years.

Commenting on the launch Bath head of intermediary sales Ben Hutchings said: “The society recognises the growing need for more understanding from lenders amid the hard times that customers face due to the ongoing cost of living crisis.”

He added: “Our credit repair products could be an option for customers concerned about a poor credit rating. Rates and charges tend to be higher due to the perceived risk. However, once clients are accepted for one of our credit repair mortgages and can prove regular payments, their credit rating will improve to enable them to consider a more competitive product.”