Impact Specialist Finance and Pepper Money have joined forces to offer an 85 per cent LTV product through the Pepper 24 and Pepper 24 Light ranges.

The former is available on a two- or five-year fix and starts at 4.60 per cent. It is aimed at borrowers with defaults, missed payments, arrears or CCJs within the last 24 months.

Th latter has been designed to serve borrowers with the above blips excluding CCJs. Also available as a two- or five-year fix, rates for this product start at 4.55 per cent.

Impact managing director Dale Jannels says: “We are seeing more and more brokers enquiring about the options available to customers who have had blips in their credit history and I expect this to only increase due to difficulties faced by many over the last twelve months.”

And Pepper Money sales director Paul Adams adds: “We use financial inclusion as a guiding principle for our business, and that means identifying areas where customers are currently under-served and delivering options for those customers.

“There are still few higher LTV options available for customers with adverse credit and so this will give advisers the opportunity to help a greater number, and more diverse range, of customers.”