Lenders who manage their funds through this facility will receive regular management information on how the product is performing and how much is still available.

The firm said the new facility also benefits Pink’s intermediary customers as they can book funds for their clients online, any time of the day, without having to pick up the phone, with the system immediately notifying them whether or not the booking has been successful.

Neil Hoare, sales and marketing director, commented: “This new facility will prove to be a valuable tool for both lenders and brokers alike, especially in market conditions where competitive lending products are at a premium. The lender will be able to choose to receive a report of the bookings made either on an hourly or daily basis or as soon as one has been booked, which is ideal in a market where product providers have to closely monitor both the volume of lending they write and any movements in interest rates.”