Black & White Bridging has successfully lent over £250m since its launch in 2021, the firm has announced.

The specialist lender, previously known as Bath & West Finance, has now lent £270m, with lending totalling £125m in the last 12 months.

The bridging lender said the largest portion of this figure has come from residential and commercial bridging products, which have contributed to over 1,300 new UK homes being funded or refurbished.

Black & White added that its product mix has evolved since rebranding in 2021, with the commercial bridge for semi-commercial, commercial and land representing a fifth of all loans.

The milestone follows a record first quarter for the lender in terms of both loan numbers and value, as the firm look to meet its goal of writing £250m of new business in 2025.

Chief operating officer at Black & White Bridging, Damien Druce, said: "A quarter of a billion is quite a milestone and hitting it is a huge boost for everyone at Black & White. It confirms we are on the right track with our vision for a truly transparent proposition with no grey areas, backed up by consistent service and fast lending decisions, giving our brokers and their borrowers the certainty of outcome they demand and deserve."

He added: "That the first quarter of 2025 has been our biggest yet also suggests there are a lot of borrowers who are making the most of the opportunities in the short-term lending market at the moment."

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