PMS breaks £250bn barrier for mortgage business
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Mortgage club PMS has broken the £250bn barrier for completed mortgage business since its inception in November 1996.
John Malone, executive chairman at PMS, puts the achievement down to the firm’s continued focus on delivering simple services since its creation.
He says: “With the support of advisers and brokers on one hand and lenders on the other, the business has stood the test of time over the last 15 years and achieved a record volume of completions.”
Fahim Antoniades, group director at the Mortgage Centre IFA, says: “An average monthly completion of £1.5bn per month since inception is a fantastic achievement by any measure.”
He adds that PMS has consistently proven itself to be a heavyweight in intermediary distribution and to break the £250bn barrier is good news for all its directly authorised advisers.
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