PMS and Sesame grab 27% share of broker market

20 January 2011 | By Natalie Thomas

The combined group delivered over £23.8bn of mortgage applications to lenders, with an intermediary market share of over 27%.

PMS, part of Sesame Bankhall Group, is the largest mortgage club for directly regulated intermediaries.

John Cupis, managing director of PMS, says: “These impressive results were achieved during one of the most difficult years on record for the mortgage market. Against a declining market we have increased our market share and mortgage volumes.

“2010 was the first full year of operation since the formation of Sesame Bankhall Group and it is testament to the hard work of the new team, and the continued support of our intermediary members.

“2011 will be another challenging year, but we are investing to support intermediaries. We have created new protection and general insurance panels, we are recruiting more sales staff and we are here for the long haul. We believe these are all positives for the intermediary sector and we are looking to the future with confidence.”

John Malone, executive chairman of PMS, says: “By leveraging the strengths of our new combined group we have been able to launch new services that are helping intermediaries to broaden their offering to clients and increase revenue.

“This is enabling brokers to overcome the challenges of a static mortgage market and we will be working closely with intermediaries, along with our provider and lender partners, to build on that in 2011.”

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