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Sesame Bankhall gave lenders 8% more mortgage business last year

Sesame Bankhall Group delivered £26.1bn of mortgage business to lenders in 2011, an increase of 8% on the £24.2bn delivered in 2010.

The group’s market share was 13.8% in 2011, up slightly from 13.3% the year before.

John Cupis, managing director of PMS, says that while 2011 was another challenging year, PMS and Sesame outperformed the market, with adviser productivity rising by an average of 20%.

He says: “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.” The group says it has exciting developments planned for 2012 in areas such as protection, general insurance and adviser technology.

John Malone, chairman of PMS, recently announced that he has extended his contract with the company until December 2013.

Malone’s contract was due to expire in December 2012, but he will now stay on for a further 12 months.

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Dates for your DIARY…

February 9CML data on arrears and repossessions for Q4 2011 publishedThe Council of Mortgage Lenders reveals its latest quarterly figures on arrears and repossessions. It will be interesting to see whether recent negative economic data has had an impact. February 9MPC meetingThe Monetary Policy Committee votes on the base rate and the size of the […]

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