Sesame increases mortgage market share

Sesame Bankhall Group announced today (27 January) that the combined group delivered more than £26.1bn of mortgage applications to lenders in 2011, a £9.1bn increase on the previous year.

The combined group, which includes PMS and Sesame, also saw its market share jump to 13.8 per cent of the overall UK mortgage market.

It was 13.3 per cent in 2010.

John Cupis, managing director of PMS, claimed PMS and Sesame has “once again” outperformed the market.

He said: “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.”

George Higginson, chief executive of Sesame Bankhall Group, said: “With further exciting developments planned for 2012 in areas such as protection, general insurance and adviser technology, we are determined to deliver even greater value to our customers and help their businesses to prosper for many years to come.”