LSL completes acquisition of Pink Home Loans
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LSL Property Services has today completed its buyout of Advance Mortgage Funding, trading as Pink Home Loans and its subsidiary BDS Mortgage Group.
The deal was announced on October 19 and sees LSL acquiring the entire share capital of Advance Mortgage Funding, for a purchase price of £1.59m, which LSL is funding from existing banking facilities.
With the acquisition of Pink Home Loans, LSL will now have more than one thousand appointed representative advisers across the group, including First Complete and more than 300 advisers in Linear Financial Solutions and across its estate agencies Your Move and Reeds Rains.
This acquisition also includes the Pink Mortgage Club and Pink ClubVIP which have over 5000 directly authorised intermediary members.
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