It is almost certain that repayment charges will apply when you take out a bridging loan, but this depends on the exact terms of your financial agreement. A closed bridging loan is more conventional and generally sets out a fixed repayment date for your loan. However, even closed loans are flexible by design. This practice means you are less likely to be charged exit fees than you would be for a traditional mortgage or other types of long-term loans.
Open bridging loans are not focused on a specific date but on an event that produces income. If, for example, you take an open bridging loan dependent on the sale of your property, you will pay back that loan when the money for the sale comes through. By their nature, open bridging loans do not have an early or late payment, as you pay when the money becomes available.