Bad Credit Bridging Finance — CCJs, Defaults & Adverse Credit Considered

Bridging finance is fundamentally different from a mortgage when it comes to credit history. A mortgage lender will decline an application with CCJs, defaults or missed payments almost without exception. A bridging lender, by contrast, is primarily focused on two things: the value of the security property and the credibility of the exit strategy. Your credit history is reviewed but is rarely a deal-breaker.

This makes bridging finance one of the few routes available to borrowers with adverse credit who need short-term secured funding. Whether you have a satisfied or unsatisfied CCJ, one or more defaults, a history of missed mortgage payments, or have been through an IVA or bankruptcy that has since been discharged — there are lenders who will consider your case.

The key factor is equity. If there is sufficient equity in the security property to comfortably cover the loan and there is a credible exit strategy in place, adverse credit is workable for most bridging lenders. The rate may be slightly higher to reflect the additional perceived risk, but access to funds is not necessarily blocked.

OpenWay Finance has experience arranging bridging finance for borrowers who have been declined elsewhere due to adverse credit. Our lending panel includes specialist lenders who take a case-by-case approach rather than running automated credit score assessments.

When we receive an enquiry from a borrower with adverse credit, we look at the full picture: the value and type of security property, the loan-to-value ratio, the exit strategy, the borrower's experience and background. We then identify the lenders most likely to consider the case and obtain indicative terms on that basis.

We handle all enquiries discreetly and without any obligation to proceed. Indicative terms are available within 24 hours and we will be transparent about what is achievable and at what rate before you commit to anything.