Sesame delays decision on packaging arm

boardroom

Sesame has delayed making a decision on the future of its packaging arm.

Board members met last week to discuss options for Sesame Bankhall Mortgage Processing, which has not accepted new enquiries since 6 November, although they decided against making a firm decision on its future at the meeting.

The network is keen to get perspective of new sales director Mark Graves, who left The Right Mortgage & Protection Network this week, before deciding whether to close the packaging arm.

A spokesman says: “We did discuss SBMP at the board meeting but as we want to make sure we have the best offering for advisers, we agreed to spend more time looking at possible options.”

Sesame launched the packager as a joint venture with Melton Mowbray for its advisers, with the aim of helping them to place more complex cases with specialist lenders.

In March, Sesame revealed it was to no longer operate as a network for investment advice.