Chief Executive of The Pink Home Loans Group; Barry Meeks, has reiterated the company’s guarantee to intermediary customers that it will always and consistently honour the payment of procuration fees as they fall due. Meeks would firmly like to reassure the group’s customers and anyone thinking of becoming a customer of Pink that the company has a strong business capable of getting through the pressures that currently face the UK mortgage market and of weathering the storms ahead.
The industry continues in the grip of the credit crunch and in some quarters there is a growing speculation as to the capability of distributors and their ability to maintain service levels in the payment of procuration fees to their broker customers.
Barry Meeks comments: “Our customers and Appointed Representatives can be reassured that, by being ultimately owned by the Skipton Building Society, we have the financial strength and capacity to support and guarantee all of our procuration fee obligations.”
Meeks continues: “At the end of the day we are all in this industry to make a living and I hope this message gives our intermediary customers peace of mind to know that their hard earned cash with Pink will continue to flow, allowing them to concentrate on keeping their customers happy and securing their next sale”.
John Gibson, Chairman, The Pink Home Loans Group adds: “Skipton has built its business on putting the customer first and for our subsidiary Pink, this means the intermediary. In the current climate, the company’s financial stability should be a very reassuring factor for Pink’s existing customers, and for those seeking a mortgage partner to conduct business with.”
Intermediary customers of Pink can request that their commission be paid within 24 hours of the case completing, simply by completing a Payment Request Form, which is available the company’s website (www.pink.uk.net), along with full details of the 24 hour payment service. Pink is also offering all their customers a bonus procuration fee of £100 for every packaged case that goes through to completion, further details are again available on the website.
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