Mayfair Bridging has launched new product, Unlimited Adverse, aimed for clients with a poor credit history.

Borrowers can use the product to purchase property or refinance an existing asset for credit repair purposes.

The product is aimed at heavily adverse credit borrowers and Mayfair accepts unlimited CCJs, arrears and missed payments irrespective of when they occurred. The maximum loan to value is 50% based on the open market value of the property secured by way of a first charge on investment residential or commercial property.

Mayfair director Yasin Patel said: “Unlimited adverse product allows clients a lifeline to enable them to repair their credit