Specialist lender Harpenden Building Society has launched it’s new residential credit repair proposition, initially available via selected intermediary firms.

The range is designed for borrowers who have had previous bad credit, that have now satisfied their debts, but remain excluded from high street lender deals.

The range consists of four residential credit repair products that include fixed rate options for customers with previous history of missed payments, defaults, CCJ’s, debt management plans and bankruptcies, up to a maximum of 70% LTV and £750,000 loan size.

With two-year variable rate options starting at 7.19% or 7.39% fixed with a £995 arrangement fee for customers with satisfied CCJ’s and defaults up to £2,000 and two missed payments in last two years but are now up to date.

Harpenden commercial director Mike Cutler commented: “In recent years there have been significant challenges for many borrowers resulting in financial blips and poor credit histories and are finding that now they wish to move house or re-finance, they find themselves excluded”.

He added: “We are launching initially through selected distributors so that we can ensure our pricing and criteria drive the right level of demand, then we will look to open this out to the wider market to help more borrowers.”