Sesame reports £26bn mortgage apps

Nia Williams

January 27, 2012

The group said investment in services had helped advisers to increase productivity by 20% over the year.

Its market share also increased to 13.8% of the overall UK mortgage market from 13.3% in 2010.

John Cupis, managing director, of PMS said: “It was another challenging year but with the strong support of our adviser and lender partners, PMS and Sesame once again outperformed the market.

“Over the past year we have made significant investments in valuable new services to enable our members to broaden their offering to clients.

“This includes protection, mortgage valuations and legal services that are helping intermediaries to develop new income streams.”

Cupis said the group has also bolstered its face to face team to support members.

“As the Mortgage Market Review draws closer our strong market position and regulatory expertise means we are ideally placed to help give intermediaries the services and expert guidance they will need to trade efficiently and responsibly in the future,” he added.

And George Higginson, CEO of Sesame Bankhall Group, said: “As part of our long-term commitment to the mortgage sector we are using our group’s scale, financial strength and expertise to open up new options for advisers.

“Our team is working hard to drive the best deals for our customers and this is helping firms to offer their clients a greater overall service and increase business revenue.

“With further exciting developments planned for 2012 in areas such as protection, general insurance and adviser technology, we are determined to deliver even greater value to our customers and help their businesses to prosper for many years to come.”

PMS is the UK’s largest mortgage club for directly regulated intermediaries while Sesame is the largest network for appointed representative advisers.

Last week PMS executive chairman, John Malone, revealed the PMS alone had done £14bn of completed mortgages in 2011, £1bn up on 2010.

Malone also confirmed his contract with PMS is being extended by 12 months taking him to the end of 2013.

Sign up to our daily email