View more on these topics

Sesame delays decision on packaging arm


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.



Sesame to decide on future of packager arm next week

Sesame board members will meet next week to decide on the future of its packager arm, Mortgage Strategy understands. Sesame Bankhall Mortgage Processing has not accepted new enquiries since 6 November, although it has been working through its pipeline since then. It is understood that the board will meet next week to decide whether the […]


Sesame in talks to exit Iress contract

Sesame Bankhall Group is in talks with Iress over its 10-year contract with the technology provider. Mortgage Strategy sister-title Money Marketing understands Sesame is seeking to exit the contract after ceasing to operate as a network for investment advisers in July. Sesame announced it was scrapping the investment network in March following a strategic review. […]


Sesame mortgage chief quits for LSL role

LSL Property Services has revealed Sesame’s Lisa Martin will join as development director “later this year”. Martin was made director of mortgages at Sesame just three weeks ago after John Cupis left the network to become mortgage director of Openwork. But today it has been confirmed she will instead join LSL’s financial services business. Following […]


Sesame’s John Cupis named Openwork mortgage director

Sesame mortgages managing director John Cupis is to join Openwork as mortgage director. Sesame announced earlier today that Cupis would be leaving as part of a management shake-up. The appointment completes Openwork’s new management team after it restructured the business into three business units – wealth, mortgage and protection – with a director for each. […]

Abe and Modi

Investment ideas to power returns

We believe the most exciting stockmarket opportunities today are in those places where a new generation of leaders are successfully transforming economies and companies in favour of investors. In a new investment guide and website, which is suitable for use with your clients, we set out our views on these reformers. Click here to find […]


News and expert analysis straight to your inbox

Sign up