Completions rise at Pink

Published on

Pink has reported a rise of 28% in completions for the third quarter, compared to the previous three months.

Completion volumes in the appointed representative (AR) network were up 34%, while completions for directly authorised (DA) members of the Pink Mortgage Club were up 24% and up by 22% for its ClubVIP members.

The average loan size over the quarter also increased loan sizes rose by 9% to £136,419.

David Copland , chief executive at Pink, said: “We have had a strong second half of 2011 with both our ARs and DAs writing more business than they did at the beginning of the year.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

ModaMortgages adds fixed-fee options to limited-edition range

ModaMortgages has expanded its limited-edition buy-to-let range with new fixed and percentage-based product fee...

Rely cuts rates for landlords with large property portfolios

Rely has launched a limited-edition range of buy-to-let mortgages for landlords who own 11...

Momenti Group expands Mortgage Minds support for brokers

Momenti Group has added group mentoring and one-to-one strategic sessions to its Mortgage Minds...

Vida introduces part-and-part mortgage option for residential borrowers

Vida Homeloans has launched a part-and-part repayment option across most of its residential mortgage...

Empty homes risk losing standard insurance cover after 60 days

Thousands of owners may be unaware that their empty properties are no longer fully...

Latest publication

Other news

ModaMortgages adds fixed-fee options to limited-edition range

ModaMortgages has expanded its limited-edition buy-to-let range with new fixed and percentage-based product fee...

Bank Rate holds, but the pressure is building

The Bank of England's decision to maintain Bank Base Rate (BBR) last month at...

Rely cuts rates for landlords with large property portfolios

Rely has launched a limited-edition range of buy-to-let mortgages for landlords who own 11...