Sesame Bankhall Group retains number one spot for mortgages in 2011
→ Group strengthens position with £1.9bn mortgage business increase to £26.1bn. Investment in services helps advisers to increase productivity by 20 per cent in 2011.Sesame Bankhall Group has today announced its 2011 mortgage business and market share results for PMS and Sesame.
The combined group delivered over £26.1bn of mortgage applications to lenders in 2011, a £1.9bn increase on the previous year (2010: £24.2bn). The group's market share also increased to 13.8 per cent of the overall UK mortgage market (2010: 13.3 per cent).
John Cupis, Managing Director, PMS said:
It was another challenging year but with the strong support of our adviser and lender partners, PMS and Sesame once again outperformed the market. 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. We have also bolstered our team of business managers to deliver more face to face support.
In the face of a tough mortgage market, adviser productivity increased by an average of 20 per cent last year, which demonstrates that our members are rising to the challenge and seizing new opportunities. As the Mortgage Market Review draws closer, our strong market position and regulatory expertise means we are ideally placed to help give intermediaries the services and expert guidance they will need to trade efficiently and responsibly in the future.
PMS is the UK's largest mortgage club for directly regulated intermediaries. Sesame is the leading network for appointed representative advisers.