From 8th September 2003, Pink will be adding the Brighton based firm to the growing number of services it offers.
Colonial Finance has been in the market since the mid 1980’s and specialises in providing secured loans from a range of lenders such as First National Bank, Paragon Personal Finance, igroup and Southern Pacific Personal Loans. The company’s understanding and commitment to the secured loans market place enables them to process applications quickly and professionally.
The secured loans on offer will cater for a wide variety of client circumstances and needs and to make the submission process simple there is a dedicated phoneline for member brokers and a one-page application form.
Tony Jones, managing director at Pink comments: “Colonial Finance is recognised as one of the UK’s leading secured loan packaging companies. I am delighted that the two companies have come together to offer a service that our member brokers can benefit from. Colonial Finance’s experience in the second mortgage industry, latest loan processing software and 24-hour payment of commission upon completion, made them the obvious choice to join Pink in this venture.”
Managing Director, Mark Fry commented, "We are delighted to be working with Pink to promote secured loans to its member brokers. Colonial Finance has always remained committed to providing a truly specialist service to introducers in this expanding niche sector of the market. We understand the values and demands of introducers and believe that this venture will create opportunities for Pink's member brokers to benefit from our dedicated processing facility.”
A Colonial Finance secured loans can be taken out over a period of three to twenty-five years and borrowers can lend any amount from £5,000 to £100,000. The loans can be used for any purpose including debt consolidation, home improvements and purchasing properties abroad.
A secured loan can still be arranged even if the client has mortgage arrears and county court judgements. There are no up front fees and further more the loans are quick to arrange. Loans of £25,000 or less will take approximately 14 days and loans above £25,000 will take approximately 10 days.
Pink’s website at www.pink.uk.net will hold more information from the launch on 8th September 2003
Pink Home Loans, based in Lichfield, Staffordshire, is one of the UK’s leading mortgage distribution and packaging companies and is part of the Skipton Building Society group of companies.
Pink Home Loans has two lending panels offering its members a choice of direct lender access or packaging facilities in addition to a range of insurance products.
Industry leading services include a first class mortgage desk, easy to use website with comprehensive case tracking facilities and broker commission paid via BACS within 24-hours of legal completion.
