Typically, yes. The interest rates for bad credit bridging loans can be higher than those for standard bridging loans. This is because the lender is taking on a higher risk by lending to someone with a poor credit history. The exact difference in rates can vary depending on the lender and the specifics of the borrower's credit history. It's always important to shop around and compare rates from different lenders to ensure you're getting the best possible deal.
For example, a lender might not finance properties of non-standard construction or properties in a state of disrepair.
In addition, the terms of the loan, including the interest rate and the loan-to-value (LTV) ratio, may vary depending on the type of property and its condition.