Bad Credit? No Problem! Exploring Bridging Loan Options

Welcome to Expert Mortgage Brokers, where your property financing needs are met with precision, care, and unmatched expertise. Specialising in Bad Credit Bridging Loans, we pave the way for home buyers and property investors to bridge the gap to their next property purchase, renovation project, or investment opportunity, regardless of credit challenges.

Bridging Loan Form
Looking For A Bridging Loan? Let’s Get Started. Fill Out The Form Below & We'll Be In Touch Soon!
Bad credit bridging loans, bridging options for adverse credit borrowers

Bad Credit Shouldn’t Block Your Path to Property Success

We understand that a bad credit score or adverse credit history can significantly hinder your chances of securing the necessary funds for your next property move. That’s why we offer tailored solutions for those with credit problems, ensuring you get the bridging finance you need to move forward.

Our bridging loan solutions are designed not just as a short-term loan option but as a bridge to future financial stability and property investment success. With competitive rates, flexible terms, and a streamlined application process, accessing the funds you need has always been challenging.

Why Choose Expert Mortgage Brokers for Your Bridging Loan?

Tailored Bridging Loan Solutions

Specifically designed for individuals with poor credit history, ensuring your credit rating is no barrier to property finance.

Competitive Rates and Flexible Terms

Our bridging loans with bad credit come with competitive rates and terms designed to suit your unique financial situation.

Quick Access to Funds

Our streamlined process ensures you can get a bridging loan quickly, allowing you to act fast on property opportunities.

Personalised Support

Benefit from customised advice and support from our team of experienced mortgage brokers, guiding you every step of the way.

Proven Success

With a track record of helping clients overcome their credit issues to repay their loans successfully, you’re in good hands.

Ready to Bridge the Gap?

Whether you’re eyeing a new home, a renovation project, or a strategic property investment, don’t let bad credit hold you back. Our specialised solutions cater directly to your needs, with options for both residential and commercial bridging loans.

Don’t worry about the credit check, loan application, or whether you have a poor credit score; our team is here to find the right bridging lender for you. Every bridging loan application is considered individually, taking into account your unique circumstances and property finance goals.

Speak to an expert »

Bridging Loan Form
Looking For A Bridging Loan? Let’s Get Started. Fill Out The Form Below & We'll Be In Touch Soon!
Factors bridging finance lenders consider for bad credit

Factors Bridging Finance Lenders Consider for Bad Credit

Applying for a bridging loan with bad credit? Here’s what lenders check:

  • Your ability to repay: More than your credit score, lenders want to know you can make the loan payments.
  • Exit strategy: Whether you’re selling the property or refinancing, your plan needs to be solid. Sellers, expect a review of local sales and market times. Refinancers, be ready to show your Agreement in Principle (AIP) and possibly income proof.
  • Property valuation: Might be needed to back your finance application.

These checks are key to getting your loan approved. Need more info or help with different funding options? Specialist brokers are here to assist.

Types of Bridging Loans for People with Bad Credit

There are several types of bridging loans available for individuals with bad credit:

Bridging Finance for People with CCJs and Defaults

Some lenders are more open to CCJs and defaults if they have been satisfied before or as part of the application process. Up to 80% loan-to-value (LTV) is possible for those with CCJs and defaults.

Second Charge Bridging Loans with Bad Credit

Second charge bridging finance can be arranged for people with adverse credit, subject to a suitable exit being in place. However, the first charge lender’s consent is required, and recent arrears may affect the approval.

Commercial Bridging Loans with Bad Credit

Bridging loans secured against commercial properties can be offered on both an owner-occupied or commercial investment basis, as long as the exit strategy is vital.

Open Bridging Loans

This type of loan has no fixed repayment date and can be repaid whenever funds become available.

Closed Bridging Loans

This type of loan has a fixed repayment date and is typically used for a specific period, such as 1-18 months.

Don’t let bad credit keep you from pursuing your property goals. Tap into the expertise of our mortgage brokers and find the bridge to your success today.

Adverse Credit Bridging Loan Rates & Costs in the UK

Bridging loans for individuals with bad credit are available in the UK, offering a lifeline for those needing immediate funds during property transactions or other urgent financial situations. Despite the borrower’s poor credit history, these loans can provide a solution, albeit with slightly restricted options and potentially higher costs.

Adverse credit bridging loan rates in the UK

Interest Rates

The interest rates for adverse credit bridging loans typically range from 0.45% to 1.75% per month, with lower rates reserved for applications at lower loan-to-values (LTVs). For borrowers with previous adverse credit, the lowest available rate is usually 0.45% per month, with rates between 0.48-0.75% being common. Lower rates are generally associated with applications at 50% LTV and below.

Setup Costs

In addition to the interest, there are other setup costs to consider when taking out bridging finance. These include lender arrangement fees, 1-2% of the loan amount, payable when the loan application is complete and can usually be added to the loan.

01. Lender exit fees

Although becoming less common, these fees are typically either 1 month’s interest or 1% of the loan amount.

02. Broker fees

Many brokers charge a fee for setting up your loan, often 1-1.5% of the loan amount.

03. Valuation fees

These are payable for a valuation report produced by a chartered surveyor of the lender’s choosing.

04. Legal fees

You and the lender are responsible for the legal expenses involved in setting up the loan, and you will usually be charged these fees towards the end of the application process.

Bad credit bridging loan costs in the UK

Take the First Step with a Free Consultation

Getting started with Expert Mortgage Brokers is as simple as clicking the button below for a Free Bridging Finance Consultation. Discover how our bad credit bridging loans can be the bridge to your property finance success. Together, we’ll review your loan opportunities, address any credit problems and outline a clear, actionable plan towards securing your bridging finance.

Unlock the door to your property aspirations today and build a stronger financial future despite the challenges your credit history may present. With Expert Mortgage Brokers, a bright property investment horizon awaits.

Get a Free Bridging Finance Consultation »

Bridging Loan Form
Looking For A Bridging Loan? Let’s Get Started. Fill Out The Form Below & We'll Be In Touch Soon!
Exploring alternatives to bridging loans

Exploring Alternatives to Bridging Loans

Bridging loans are great for quick financial needs, but it’s smart to look at all options. Residential mortgages offer long-term finance for homebuyers with lower interest rates. Buy to let mortgages suit those wanting to own rental properties, considering rental income for mortgages. Secured loans let you borrow against your property’s value for more financial support. Choose based on your financial needs and goals.