Mortgage guide
Open and closed bridging loans
The difference between an open bridge and a closed bridge, and the role of the repayment date.
- Published
- 13 Apr 2026
- Last reviewed
- 11 Sep 2026
- Reading time
- 1 min
Open and closed bridging loans
Open and closed bridging loans
Bridging loans are also classified by whether the exit is fixed at the outset.
Closed bridging loan. A closed bridge has a fixed repayment date and a clearly evidenced exit, such as an exchanged sale or a formal mortgage offer. Because the exit is known, closed bridges often attract lower interest rates.
Open bridging loan. An open bridge has no fixed repayment date, though most lenders still expect repayment within 12 months. Open bridges suit exits that are realistic but not yet contractually confirmed, for example, a property being marketed without an exchanged contract.
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