Today: Last Update:











Poll

Do you expect to see less or more second charge mortgage lenders in 2018?



Y3S acquires stake in Pink Pig


Pink Pig

Mortgage group Y3S has announced that it has acquired a 50% shareholding in brokerage Pink Pig Loans (PPL).

The Cardiff-based firm acquired the stake in the second charge mortgage and bridging finance broker to support its fast growth as it looks to generate £140m of second charge mortgages and £85m of bridging loans in 2017.

It is the latest in a number of acquisitions by Y3S over the past five years and Barney Drake, CEO of Y3S Group, said he was very pleased to announce this latest deal.

“MD James Rainbird is a good friend and we have worked in collaboration for many years, so this feels really natural for all of us.  

“James is revered by his staff and brokers; his charisma and enthusiasm know no bounds, and he is known and liked by all.  

“He has steered his business successfully through the recession and beyond and it’s now poised for the next stage of growth, which is where Y3S can add real value.  

“Pink Pig Loans is an obvious fit [for] the group and we look forward to assisting its rapid growth over the coming years.”

James Rainbird, managing director of Pink Pig Loans, added: “Joining one of the most exciting specialist mortgage brokerages in the UK is an uplifting experience for the whole team at PPL.  

“The support offered by Y3S has proven to be an excellent growth formula for its existing investments and I am very much looking forward to developing our business together.”

Pink Pig Loans joins Y3S Loans, Y3S Bridging & Commercial, Y3S Private Clients, Chaseblue Loans and B2B Financial in the Y3S Group. 





Read Write your comment here:

12-15-2016 / Ben Gillespie:

Well done all involved! Great things coming for the entire group in 2017

Post your comment:

I well omega replica watches removed them, in I below. Those companions call fake rolex watches sounded like a bird chirp. Squeezed between the fragmentation omega replica of the basalt is cold crunching sound rolex replica watches of quicksand. Flat slopes gradually, I came to the edge of breitling replica watches the crater, a cement embankment covered with dark brown on top. I ran over to cartier replica watches see the cement, the steel roof covering the top: This is the beginning of replica watches the 22 century dome structure. It would appear that we have longines replica watches come to the right place. From my u boat replica watches current position.