Precise Mortgages has unveiled its Prime Time for Near Prime campaign, designed to educate brokers and consumers about the availability of mortgages products for those who do not have a perfect credit history.

The lender claims that an estimated 2.1 million people received a CCJ in the last three years and an estimated four million people missed at least one credit card payment in 2010 alone.

Precise also estimates that up to one million people have missed a mortgage payment in the last three years, and that a very large percentage of the 10 million residential mortgage borrowers have experienced some kind of credit problem that will be enough to prevent them from being able to get a mortgage.

Alan Cleary managing director of Precise Mortgages, said: “How are we going to get away from this dysfunctional market if all lenders act like the big banks? The whole housing sector seems like it is running at rates last seen just after WWII.”””