Up until the end of July 2007, completions have increased by 39% over the same period in 2006, and during the month of July, its packaged applications reached a three year high and were 73.6 per cent higher than in July 2006. All of this increased activity has seen the company’s pre-tax profits increase by 65 per cent over the equivalent period in 2006.
Barry Meeks, managing director, Pink Home Loans, comments; “Pink is delighted to have broken through the £4 billion completions mark and is on target to reach £7 billion by the end of the year. Achieving this level of lending volumes gives us more leverage to negotiate with lender partners and other suppliers to ensure that we offer a competitive proposition for our network members, other customers and ultimately their clients.
“Pink has made no secret of the fact that it has ambitious plans to grow its network, packaging and mortgage club business during the remainder of the year and into 2008 and would like to thank our intermediary customers, lender partners and other business associates for their support during the year”.
