Completions up 34% for Pink

Completion volumes in the AR network were up 34%, but they weren’t the only ones to benefit from increased business, completions for directly authorised 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.

“We have received some great support from our lending partners and this has been reflected in the number of exclusive products we have been able to launch during the year and the higher LTV loans that we’ve been able to offer. 

“We have been a part of the LSL Group for a year now and have gone from strength to strength during this time.  We have introduced a number of initiatives throughout the year that that improves what we offer to Pink members. 

"We will continue to develop our proposition for mortgage and protection intermediaries providing options for all advisers whether they want to be directly authorised or a part of our network.”