Brokers, lenders and conveyancers have produced another set of positive figures as the mortgage market revival continues apace.
Pink enjoyed a strong year with a 47% rise in its gross lending figures to July 2013, that's 18% more than the industry average of 29%, as measured by CML figures.
Pink’s loan size over the same period also increased by 6%, as opposed to 4% in the CML figures, reflecting its focus on the strong London market.
Mark Graves, director of Pink network, said: “We have not increased the number of Pink members significantly so this is purely down to improved performance by our ARs.
“In the past three years we have invested heavily in training and development of ARs around the country and this is now having a tangible effect both in mortgage and protection sales.”
Yorkshire Building Society has reported that August was its busiest month for mortgage lending for almost two years.
Its mortgage lending rose 68% on August last year, and was 28% higher than in May 2012, previously the busiest month last year.
Yorkshire 's senior product manager Chris Smith said: “We enjoyed an exceptionally busy month at the Yorkshire, which followed an increase in business month on month since the start of 2013.
Conveyancing specialists MyHomeMove has announced its strongest ever results with a 41% rise in earnings to £3.36 million over the past 12 months, and transactions up 13.5% to 29,513.
Chief executive Doug Crawford said, "Whilst 2012 ended on a high, with house prices up by 3.4%, it was still a tough 12 months for those working in the sector. It was our ability to respond to the changing market, due to our early investment in our staff, new technology and customer service practices which led to our success."
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