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Pink Home Loans receives minded to authorise letter

Pink Home Loans has received its minded to approve letter from the FSA, enabling it to now concentrate on developing its appointed representative network and its directly authorised proposition.

Managing director Tony Jones says Pink has successfully passed another important milestone in the road to regulation and he expects the number of applications to join the appointed representative network to increase following receipt of the letter.

He says: “This letter enables intermediaries to make the decision to join our network and be confident that they will be in a position to continue to trade post-Mortgage Day. Our plans to recruit 300 appointed representatives to form a quality network can now go full steam ahead.”

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