Adverse Credit Specialists

Bad Credit Bridging Loans

Some bridging lenders specialise in adverse credit and may consider CCJs, defaults, bankruptcy and more. Every application is assessed individually.

For comparison only. RateIQ is an introducer, not a lender. Acceptance depends on lender assessment.

Lenders Listed

0.39%*

Rates From (indicative)

80%*

Max LTV (subject to criteria)

*Rates and LTV shown are indicative and subject to individual lender assessment.

What Credit Issues Can Be Accepted?

⚖️

County Court Judgments (CCJs)

CCJs are court orders for unpaid debts. Many bridging lenders will consider applications with CCJs, especially if they're satisfied, older, or for smaller amounts.

Satisfied CCJs are viewed more favourably than unsatisfied
Older CCJs (12+ months) are easier to work with
Multiple small CCJs may be treated differently to one large CCJ
Having an explanation for the CCJ helps your case

📋

Payment Defaults

Defaults occur when you miss payments on credit agreements. Most bridging lenders are more flexible on defaults than high street banks.

Defaults over 2 years old are generally acceptable
Satisfied defaults are viewed more positively
Defaults on utilities vs credit cards may be viewed differently
A strong exit strategy can offset default concerns

📉

Bankruptcy

Discharged bankrupts can get bridging finance, though options are more limited. The time since discharge is key.

Must be discharged (not undischarged bankrupt)
Typically need 12-48 months since discharge
Lower LTV may be required
Company applications (Ltd/SPV) may be preferred

📝

Individual Voluntary Arrangement (IVA)

An IVA is a formal agreement to repay debts. Some lenders accept completed IVAs, fewer accept active arrangements.

Completed IVAs are easier than active IVAs
Some lenders won't touch active IVAs at all
Time since completion matters
May need supervisor permission if IVA is active

Compare Credit-Friendly Bridging Lenders

These lenders may consider adverse credit applications. Criteria shown are indicative.

Rates and criteria vary by case. This is for comparison only, not a guarantee of acceptance.

Lender	Rate From	Max LTV	Max CCJ Value	CCJ Age	Bankruptcy	IVA
Together	0.52%	70%	£10,000	12+ months	36+ mo discharged	Yes	Details
Octane Capital	0.39%	75%	£5,000	24+ months	48+ mo discharged	Yes	Details
Aspen Bridging	0.45%	80%	£15,000	6+ months	24+ mo discharged	Yes	Details
West One Loans	0.48%	75%	£7,500	12+ months	36+ mo discharged	Yes	Details
Precise Mortgages	0.54%	75%	£5,000	36+ months	48+ mo discharged	Yes	Details
MT Finance	0.55%	75%	£10,000	12+ months	36+ mo discharged	No	Details
Roma Finance	0.58%	70%	£20,000	Any age	12+ mo discharged	Yes	Details
Alternative Bridging	0.65%	70%	No limit	Any age	6+ mo discharged	Yes	Details

How to Get a Bridging Loan with Bad Credit

Know Your Credit

Get your credit report and understand what issues exist. Know the values and dates of any CCJs or defaults.

Prepare Explanations

Be ready to explain what happened and why. Life events like divorce or illness are understood by lenders.

Strong Exit Strategy

A clear, achievable exit strategy can offset credit concerns. Sale or refinance - make it credible.

Use a Specialist Broker

Brokers know which lenders suit your profile. They can present your case in the best light.

Frequently Asked Questions

Can I get a bridging loan with a CCJ? +

Yes, many bridging lenders accept CCJs. The key factors are: the value of the CCJ (smaller is easier), whether it's satisfied or unsatisfied, how old it is, and whether you can explain why it happened. Some lenders have no limit on CCJ values, while others cap at £5,000-£20,000.

Will I pay higher rates with bad credit? +

Potentially, but not always significantly higher. Rates for adverse credit bridging typically range from 0.5% to 0.9% per month, compared to 0.37%-0.55% for clean credit. The rate depends more on LTV and exit strategy than credit history alone. A strong exit can offset credit concerns.

Can a discharged bankrupt get a bridging loan? +

Yes, once you're discharged from bankruptcy (not undischarged), several lenders will consider you. Typically you'll need to be 12-48 months post-discharge depending on the lender. Some lenders prefer you to apply through a limited company rather than personally.

What LTV can I get with adverse credit? +

LTV for adverse credit borrowers typically ranges from 60-75%, though some specialist lenders offer up to 80% for certain profiles. The more severe your credit issues, the lower the LTV is likely to be. Having additional security or a stronger exit strategy can help achieve higher LTV.

Do I need to satisfy my CCJs before applying? +

Not necessarily. While satisfied CCJs are viewed more favourably, many lenders will consider unsatisfied CCJs. Some will even allow the bridging loan proceeds to be used to satisfy CCJs as part of the transaction. Discuss this with a broker who can match you to the right lender.