Melton Building Society has reduced rates across its fixed-rate Credit Repair range for borrowers with adverse credit, with the changes taking effect from today (Thursday 19 March).

The mutual said the cuts apply across its two-year fixed products for customers seeking to rebuild their credit profile, with reductions of up to 0.30%.

The range is available up to 80% loan to value and carries a £199 application fee, while completion fees vary by product.

The move follows a busy start to the year for Melton, which in February launched its 100% mortgage and foreign national ranges.

The latest changes underline the continued focus among some lenders on borrowers who fall outside standard credit criteria, at a time when affordability and access to finance remain under pressure for many would-be homeowners.

William Bell, mortgage product manager at Melton Building Society, said: “Reducing rates across our fixed rate Credit Repair mortgage range reflects our ongoing commitment to making homeownership more accessible.

“We understand that customers with adverse credit often face additional barriers, so these changes are designed to offer a great opportunity for those working to rebuild their financial position.

“By reducing rates on these products we aim to support more customers on their journey to repair their credit and build a pathway back to mainstream lending.”