Pink reveals initial pricing structure for appointed reps

Pink Home Loans has revealed its initial pricing structures for its appointed representative proposition.

At the first of its 10 regulation roadshows, held at the Thinktank in Birmingham last Monday, Pink revealed that for its appointed representatives the pricing structure will be based according to customers&#39 &#39risk rating&#39 and will be in a position to announce final pricing details over the next few weeks.

It is also planned that customers at Pink will only need to give a notice period of three months to leave the network.

Another key point highlighted at the presentations is that whilst the decision about which route to take is crucial, it is not one that cannot be changed in the future. For example, an intermediary can decide to become an appointed representative now, however, they can become directly authorised by the FSA at a point in the future.

Elliott Stoneham, commercial and IT director at Pink, says: “Many brokers are unsure of which route is going to be best for their business and this is one of the reasons why we are running these roadshows. We not only want to outline the services we are going to offer to our customers but also want to educate brokers and provide them with as much information as possible so that they can make an informed choice.”