Pink campaign on secured loans

Pink Home Loans has launched a Perfect Partners campaign in association with Colonial Secured Loans to assist brokers with secured loan inquires.

Pink is giving brokers registered with them and who use Colonial a voucher for six bottles of quality wines with their commission payment when their first case completes. The campaign runs from June 5 until the end of August.

Dev Malle, sales director at Pink, says: “Professional brokers do not necessarily need to turn clients away when a mortgage may not satisfy their requirements or indeed when it is unsuitable for the clients’ circumstances. There are situations when a secured loan is the most suitable product and it can help win further client loyalty.

“This campaign is aimed at encouraging intermediaries to look at this option as part of the product range available to them as a recent Pink 1000 index Survey revealed that only 50% of brokers consider secured loans as a product option.”

Mark Fry, managing director of Colonial, says: “Over the last five years, the secured loans market has grown by 50% year-on-year. Consumers are generally better informed about their options and intermediaries need to satisfy themselves that they are adhering to best advice principles.