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Pink expands range to bridge income gap

Pink Home Loans has become the latest network to expand its business range as a result of market conditions.

The network says it will add bridging loans and equity release products to its panel in the coming months.

Several other mortgage networks have recently adapted their models in a bid to diversify in the tough conditions.

Home of Choice announced last month that it was linking up with IFA network In Partnership to enter the investment and pension market while Mortgage Times’ Vision Network received FSA permission in April to operate an investment and pension multi-tie.

Pink says as mortgage business becomes increasingly difficult to place, it is providing brokers with a number of alternative financial solutions for their clients.

Associate director of marketing and IT Neil Hoare says: “Pink is very much aware that particularly in the current market conditions, intermediary customers need to focus on sectors other than mortgages to ensure that they maintain their incomes to see them through the current market turbulence.

“We are continually looking for new opportunities to boost our brokers’ earnings and over the coming months our customers can expect to see a raft of new opportunities to our range of services.

“One area we can help is in protection sales and we will be providing additional training courses in June to assist our appointed representatives in their sales technique in this area and to help meet clients’ protection needs.”

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