Completions rise at Pink

Pink has reported a rise of 28% in completions for the third quarter, compared to the previous three months.

Completion volumes in the appointed representative (AR) network were up 34%, while completions for directly authorised (DA) members of the Pink Mortgage Club were up 24% and up by 22% for its ClubVIP members.

The average loan size over the quarter also increased loan sizes rose by 9% to £136,419.

David Copland , chief executive at Pink, said: “We have had a strong second half of 2011 with both our ARs and DAs writing more business than they did at the beginning of the year.