Black & White Bridging has announced two improvements to its truly transparent product set.
Borrowers who use Black & White’s Sales Period Bridge can now benefit by keeping 20% of sale proceeds per unit sale, unlocking more funds for future projects and growth. The product is aimed at developers and property professionals looking to release equity on an existing scheme nearing completion.
The lender has also enhanced its Residential Bridging product for those looking to release funds in larger, higher-value assets. Black & White had previously advertised this product from £50k – £2.5m, which is still available, but can now fund deals from £4m+ as a ‘platinum’ add-on at a different rate.
Damien Druce, Commercial Director, said: “Black & White have been the architects of truly transparent lending since inception, and our latest product enhancements are our way of simplifying the bridging landscape for brokers and their borrowers in what continues to be a challenging time for the market. We want our proposition to support property professionals as much as possible, and we will continue to enhance our product sets where we see a gap in the market. I’d encourage any intermediary to speak to us and experience our first-class service and delivery at speed for themselves.”
