Black & White Bridging opens two new offices
Black & White Bridging, the specialist bridging lender, this week opens two new offices. It is expanding out of its base near Bath, to open offices in London and Manchester, tripling its number of locations to be closer to brokers, borrowers, investors and business partners around the country.
The new offices will give Black & White a greater presence in the north and southeast while supporting team members already in those locations. They will also help Black & White attract new talent from a wider geographic area in its bid to double in size again by the end of 2025. It has already doubled its total lending over the past two years.
This announcement follows the news of Black & White’s new funder and a new funding line worth over £100m. This has enabled it to increase its maximum loan size to £ 7.5m, up from £2.5m, which can be higher on referral. As a result, it has also lowered its interest rates and introduced variable procuration fees, enabling intermediaries to decide how much to earn and how low they would like the interest rate to be for their clients.
Black & White operates purely through intermediaries and differentiates by providing excellent service and complete transparency with no grey areas. This makes it simple for brokers to secure loans for their clients and helps them, in turn, to offer a better service.
Martyn Smith, managing director at Black & White, said: “These new offices have been planned for some time as part of our ambitious growth plans, so I am excited to see them finally come to fruition. The new offices will help us reach even more brokers, partners, and investors and attract new team members nationwide while enabling the acceleration of our next growth phase.”
