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Sesame Bankhall makes £2.2m profit in 2011

Sesame Bankhall Group made a £2.2m profit in 2011 down from £5m in 2010, its results show.

In the year Sesame Bankhall claims to be the UK’s largest distributor of mortgages through intermediaries, with more than £26.1bn of mortgage applications.

It was an increase on Ethe 2010 level £1.9 bn. It now has a 13.8% share of the entire UK mortgage market, up from 13.3% in 2010.

The firm is undertaking a multi-million pound investment programme ahead of the Retail Distribution Review and Mortgage Market Review.

Meanwhile in January 2012 there were over 100 Sesame adviser authorisations, the best monthly performance in more than seven years.  

Its results state: “As the advice profession looks ahead to the new world being created by the RDR and Mortgage Market Review, Sesame Bankhall will become the home for all types of professional financial advisers, whether they are independent, restricted or a combination of the two.

“This will enable Sesame Bankhall to consolidate its position as the UK’s largest distributor of financial advice through directly regulated intermediaries and appointed representatives, across life, pensions, investments and mortgages.”

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