New adverse credit products launched by Loughborough BS

December 18, 2025 by Brendan O'Neill

Borrowers

Loughborough Building Society has announced the introduction of a new range of mortgage products, which is being targeted at people with adverse credit.

This new range of products will be divided into four separate tiers, based on the severity of the credit problems. The first tier is standard mortgage products that are available to customers who have little in the way of credit issues. Tier number two is the near-prime products that will be open to customers who have some minor blemishes on their recent credit histories.

Tier three is the credit impaired option for people with more serious credit history issues and the final tier is credit repair. That will be for customers who have very serious and recent flaws in their credit histories.

In addition to this product range, Loughborough BS has also launched a credit matrix. Mortgage advisors will be able to use that to find out how products in each of the tiers are suitable for customers with different problems. Examples of potential problems include bankruptcy, county court judgements and defaults.

The last of the new features provided by Loughborough BS is an adverse tool that can be found online. This will let advisors work out whether a customer is eligible for one of the products prior to applying for a decision in principle.

Ashley Pearson from the building society said that all of these things together made for a comprehensive offer to those with credit issues.

This is important because advisors who have done CeMAP courses are encountering more customers with such issues.