Following the swathe of product withdrawals seen in the industry over the last few weeks, the firms have spoken out in an attempt to combat any underlying concern felt amongst intermediaries, guaranteeing that all proc fees will be paid as soon as they fall due.
Group CEO, Barry Meeks, explained: “Our customers and Appointed Representatives can be reassured that, by being ultimately owned by the Skipton Building Society, we have the financial strength and capacity to support and guarantee all of our procuration fee obligations.
“At the end of the day we are all in this industry to make a living and I hope this message gives our intermediary customers peace of mind to know that their hard earned cash with Pink and BDS will continue to flow, allowing them to concentrate on keeping their customers happy and securing their next sale”.
John Gibson, Chairman, The Pink Home Loans Group added: “Skipton has built its business on putting the customer first and for our subsidiary Pink, this means the intermediary."
