What is a Closed Bridge?

A closed bridge only works if the property being purchased is at least 75% of its real value.

■ Value (validated)                         £100,000

■  Agreed Purchase Price              £75,000

■ Remortgage at 75% LTV              £75,000

The whole process is organised by your mortgage broker (Trafalgar Square FPC) and one solicitor. The bridge will only be approved if we have proof that you have an exit strategy (ie. a remortgage offer after 6 months).