Black & White Bridging has introduced two improvements to its product set.
Borrowers who use Black & White’s Sales Period Bridge can now keep 20% of sale proceeds per unit sale, unlocking more funds for future projects and growth.
The product was created for developers and property professionals looking to release equity on an existing scheme nearing completion.
The lender also enhanced its Residential Bridging product for those looking to release funds in larger, higher value assets.
Black & White previously advertised this product from £50,000 to £2.5m, which is still available, but can now fund deals from £4m-plus as a ‘platinum’ add-on at a different rate.
Damien Druce, commercial director at Black & White, 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.”
