Category: Bridging
Devraj Ray (pictured) joins as a senior associate.
Black & White Bridging, which rebranded from Bath & West Finance earlier this month, offers bridging loans from £50,000 to £10m over three to 18 months.
Kimberley Gates at Sirius Property Finance, said: “Given the turbulence of the past year and the pressure to meet the SDLT relief deadlines, it is to be expected that chain breaks are the most popular use for bridging finance.”
The peer-to-peer lender has appointed a new auditor, MHA MacIntyre Hudson, and has been working to address the issues raised following the exit of EY.
Propp, a comparison site that specialises in bridging, development and commercial finance.
Together has provided finance for Fluent Money Group’s first short-term loan following its launch into the bridging market.
Aspen has overcome several complex legal issues to complete a £1.3m bridge against a heavy refurbishment project in Knightsbridge.
Jo Breeden, managing director of CSF, said: “We are resolute in our aim to become the most respected multi-channel distributor in the UK mortgage marketplace, and for this to be achieved we need a senior management team who can help us achieve this goal.”
The next phase of the lender’s growth strategy has started with a proposition to optimise the support of its distribution channels.
Scott Marshall, managing director at Roma Finance, said: “Whilst we are sad to see him leave, the legacy he has left us with will enable us to continue to strive forward and continue to scale.”