69% of adults in the UK who have experienced credit problems in the last three years and are planning to purchase a house with a mortgage or remortgage in the next 12 months are concerned about having their application declined due to their credit history.

Research carried out by YouGov on behalf of specialist lender, Pepper Money, identified and questioned 600 people who have experienced credit problems, including missed payments, CCJs, defaults, unsecured arrears and secured arrears, in the last three years.

Paul Adams (pictured), sales director at Pepper Money, said: “Growing levels of unsecured debt and increasing numbers of missed payments, CCJs and defaults mean that more people have concerns about their credit history and future ability to secure a mortgage.

“Our research shows that this is a big issue for nearly 70% of adults who have had a blip on their credit record in the last three years and want to buy a new home in the next 12 months.

“But there are plenty of competitive options from lenders like Pepper Money, for customers with these circumstances and we all need to work harder to spread the message that previous credit problems do not have to mean future mortgage problems.”