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Sesame Bankhall reports strong first-half trading

JOHN CUPIS: GROUP PLANS ARE ON TRACK
JOHN CUPIS: GROUP PLANS ARE ON TRACK

Sesame Bankhall Group completed £12.7bn worth of mort-gage applications in the first six months of 2010.

The group includes the largest mortgage club in the UK under the PMS brand and the Sesame network, which has more than 2,500 members writing mortgage and insurance business.

John Cupis, managing director of PMS, says: “Since the merger of Sesame and PMS at the end of 2009 we have successfully brought together two strong brands and maintained our market share.

“Our integration plans are on track and we will be at the forefront of the mortgage market for years to come.”

He adds that the group has ambitious plans to grow PMS and Sesame, and also has some significant initiatives in the pipeline for the second half of this year aimed at helping brokers expand their business beyond mortgages.

Nigel Stockton, sales director of mortgages at Lloyds Banking Group, says: “These results show how strongly Sesame Bankhall performed in the first half of 2010. A full 13% of all mortgages in the country now go through the group and it is by far the largest intermediary in the UK.”

And David Finlay, intermediary business director at Woolwich, says the figures demonstrate Sesame Bankhall’s commitment to the mortgage market.

He says: “These results show how well the merger between Sesame and PMS has worked out for both for brokers and lenders.

“Sesame Bankhall is one of our key strategic partners and we look forward to working with it in the challenging times that lie ahead.”

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