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Easy Bridging Loans is a trading name of Top 10 finance Ltd is authorised by The Financial Conduct Authority (FCA) no 725234 The FCA Think Carefully before securing debts against your home. Your property could be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. We are registered and comply with the Data Protection Act (1998). Registration No: Z2861884 Company registered in England number 06261373. Privacy Policy

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Are Bridging Loans Still Available If I have Bad Credit On My File?

Purchasing a home can be an exciting time, but for people with a bad credit rating, a bank will probably refuse your mortgage application, however, it is still possible to get bad credit bridging loan, bridging loans are secured against the property so do not present a problem to bridging lenders, who will only look at the property that you are offering as the security for the loan, as a result, they are not so interested in delving into your past credit history, even with county court judgements or late payments and defaults on your file loans can still be offered many lenders also specialise in this type of funding.

An adverse credit history can affect your chances of securing a standard loan. If you have repeatedly defaulted on repayments for credit cards, mortgages and credit loans, your credit score will work against you, so to many in this situation, a bridging loan can be the only way of obtaining finance.

However, whilst the majority of lenders require a strong credit rating before they accept your application for a loan, bridging finance companies are more flexible and lenient and will not prejudge you on your past history, rather they look towards helping you based on your current circumstances, whilst they will want to know the story behind your previous issues and work through them with you, once you have your loan and have subsequently repaid it can go some way to restoring your credit file.

Bad Credit bridging loans Summary.

Because bridging loans are secured against the property, or other valuable assets, which act as collateral. Subsequently, borrowers with a poor credit score have the opportunity to secure the finance they wish to obtain, without all of the checks and credit scoring that a traditional lender would carry out.

Easy Bridging Loans can arrange your loan with ease and will guide you through both the choice of loan and all of the processes that are associated with taking a bridging loan, because we specialise in this type of finance and nothing else, we will always have the answers to any problems that could be encountered along the way.

Get in touch now to discuss your requirement as professionals in this field and know the industry inside out, call us today or complete our online form to get things started.

Easy Bridging Loans are Registered with Financial Conduct Authority and as such you will always receive the very best advice at all times.