"More people have concerns about their credit history and future ability to secure a mortgage."
The majority of people who have experienced credit problems in the last three years are worried about being declined a mortgage, according to research from Pepper Money.
Its survey found that 69% of those who are seeking a mortgage or remortgage in the next 12 months are concerned about having their application declined due to their credit history.
Paul Adams, 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.”