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Pink ‘seeking quality buys’

Pink Home Loans is the latest network to go on the acquisition trail.

Pink says it in discussions with a number of companies, reflecting the trend towards consolidation in the sector.

In April, Home of Choice revealed it was talking to sev- eral networks and last month confirmed it will make at least one acquisition by the year-end.

Pink, which merged with the Enable network in December, has also pledged to help its appointed representatives with promotions by designing a set of templates, under the Pink by Design brand, to use on sub-prime ads to ensure they are compliant. This follows recent FSA investigations which found instances of non-compliant sub-prime ads.

Managing director Tony Jones says: “Pink by Design has been designed to allow for development and in future we hope to be able to offer assistance in creating websites and many other promotion materials.

“On acquisitions, we have looked at a number of networks but we want to get the quality right.”

Network Data managing director Richard Griffiths says: “I am sceptical whether all these acquisitions will happen. If the smaller networks were looking to sell up, they would be calling me and Tony Jones but I have heard little. There are a few people in the industry that like to mouth off about acquisitions but I am not expecting movement.”

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