18% of people who have experienced some form of adverse credit in the last three years say they intend to purchase a property in the next 12 months, according to the latest Adverse Credit Study from Pepper Money.

The Adverse Credit Study, to be released in full in the new year, found that the number of people who have experienced adverse credit within the last three years has remained stable since the study was last published in May, and accounts for 12% of the population.

However, the percentage of this group who anticipate buying a property in the next 12 months has increased from 14% in the last study to 18% in the latest wave of research. This equates to just over 1,132,000 potential mortgage customers with adverse credit.

According to the research, 12% of people with adverse credit intend to buy a home to live in over the next 12 months, whilst 6% want to purchase a buy-to-let property to rent out.

Paul Adams (pictured), sales director at Pepper Money, said: “The Pepper Money Adverse Credit Study provides important insights into the millions of people who have experienced a blip on their credit file. The latest research indicates growing optimism amongst people with adverse credit, with more than 1.13 million planning to purchase a property in the next 12 months.

“And this presents a significant opportunity for brokers to provide much-needed advice to customers who may have limited options with the high street lenders. The report comes out in the new year, and I would recommend it to any broker who wants to gain greater insights into the circumstances and concerns of their customers.”