Pink sees big rise in business for MPLC

Pink Home Loans has seen a substantial rise in packaged business for its lender partner Mortgages plc.

Applications in June represented an increase of 155% compared with January’s figures and a 61% rise compared with the same period last year.

Pink’s packaging department is working to a 24-hour turnaround on all new mortgage applications, post re-ceived and diary chasing.

Elliott Stoneham, commercial director at Pink, says: “Our desire to offer brokers good service is paramount. The rise in business levels with MPLC reflects the importance of a long-term working relationship.”

Pete Thomson, sales director at MPLC, says: “We’re delighted to see our volumes with Pink growing so significantly. Having an onsite underwriter has no doubt played a big part in this.

“I’m sure our partnership with Pink will prosper on the back of this and our programme of product enhancements.”