LSL Property Services has finalised the acquisition of Pink Home Loans following the FSA giving its formal approval to the purchase.

This means that LSL now owns Advance Mortgage Funding Limited (trading as Pink Home Loans) and its subsidiary business BDS Mortgage Group Limited. The companies, together known as Pink, were purchased from Skipton Building Society for £1.59 million.

LSL now has 1300 advisers across its network businesses in Pink and First Complete, and will also have an arm for advisers who wish to be directly authorised through the Pink Mortgage Club.

Simon Embley, chief executive of LSL Group, said: “Pink’s five star service proposition complements existing LSL Group businesses such as First Complete