It has teamed up with Affirmative, Cheval and Lowry Capital for the launch of its bridging finance proposition.
Pink says that in the current climate, bridging can be used in a number of ways such as when a chain breaks down or there is a temporary gap in completion dates.
It can also be used for auction purchases when deposits have to be paid on day 1 and completion must take place within the month or for property refurbishment.
Associate director of marketing and IT Neil Hoare says: “Historically intermediaries may have been put off bridging finance due to the high costs involved for their clients. But in the current climate the prospect of losing a sale and having to start the buying and selling process all over again in a falling market, is not worth the risk”.
“Bridging Finance will offer intermediaries with a solution if their clients need to borrow short-term finance quickly and will boost their own income stream in the process”.