PMS and Sesame host mortgage events for advisers

Business development and diversifying into new product areas will be key themes for PMS and Sesame as they team up for Mortgage Extra Live, the latest round of regional mortgage events for advisers. The seminars will take in 12 UK venues, starting in Belfast on the 22 March and finishing in Glasgow on the 8 April, and are being supported by some of the leading mortgage lenders, general insurers and product providers. The seminars have been designed to help advisers gain a valuable insight into business diversification and the emerging opportunities in mortgages, protection and general insurance. Advisers will also have the opportunity to network and share ideas in roundtable forums. Managing Director John Cupis, said: “We have had a record number of pre-registrations during 2011. These mortgage events are a great opportunity for advisers to develop their skills, get up to date with the latest regulatory developments and also talk to lenders and providers on a one to one basis. The mortgage market continues to be very challenging, which is why we have expanded the focus to include additional revenue streams such as protection, general insurance and secured loans. “We are also offering marketing and business development support so that adviser firms can maximise these new opportunities and enhance the range of products and services that they offer their clients.” For more information visit www.trustpms.com or...

PMS partners with Promise Solutions to offer advisers access to secured loans

PMS is partnering with Promise Solutions to offer advisers and their clients a range of loan services. Advisers will have access to loans using point of sale technology that provides detailed quotations and supporting information to ensure that clients receive an efficient and compliant service. Rob McCoy, Senior Product & Communications Manager at PMS commented: “Secured loans are an increasingly important product for advisers to consider and by working closely with Promise Solutions we aim to increase the choices available. Secured loans are sometimes viewed as a side line product, but the addition of this new service will enable us to highlight the range of products available to our members and their clients.” Steve Walker, Managing Director at Promise said: “Having been through PMS’s rigorous due diligence process we are confident that we can offer advisers access to secure loans with a high level of service. Advisers can control fees and see exactly how much they will earn on every loan scenario from the outset. “In line with FSA requirements for advisers to evidence product choice, we also provide optional comparison, research and audit tools to help demonstrate the pros and cons of products. Through this partnership we aim to give PMS members every choice and assistance in how they transact secured loans in the...

PMS and Sesame take number one spot for mortgages in 2010

PMS and Sesame today announced its market share results for mortgage business in 2010. The combined group delivered over £23.8bn of mortgage applications to lenders, with an intermediary market share of over 27 per cent. PMS, part of Sesame Bankhall Group, is the largest mortgage club for directly regulated intermediaries. Sesame is the leading network for appointed representative IFAs and mortgage brokers. John Cupis, Managing Director, PMS said: “These impressive results were achieved during one of the most difficult years on record for the mortgage market. Against a declining market we have increased our market share and mortgage volumes. “2010 was the first full year of operation since the formation of Sesame Bankhall Group and it is testament to the hard work of the new team, and the continued support of our intermediary members. “2011 will be another challenging year, but we are investing to support intermediaries. We have created new protection and general insurance panels, we are recruiting more sales staff and we are here for the long haul. We believe these are all positives for the intermediary sector and we are looking to the future with confidence.” John Malone, Executive Chairman of PMS commented: “By leveraging the strengths of our new combined group we have been able to launch new services that are helping intermediaries to broaden their offering to clients and increase revenue. This is enabling brokers to overcome the challenges of a static mortgage market and we will be working closely with intermediaries, along with our provider and lender partners, to build on that in...

PMS helps brokers at point of sale with CheckIT service

PMS is partnering with Omnii Solutions Limited to give intermediaries access to CheckIT, a client credit check and property assessment tool. The CheckIT service enables intermediaries to provide accurate and informed sourcing at point of sale by confirming a client’s identity and undertaking anti-money laundering checks. Brokers also have the option to obtain the client’s credit file and an automatic property valuation if required.  Rob McCoy, Senior Product & Communications Manager at PMS commented: “By vetting applications prior to sourcing and submission this service enables brokers to quickly establish if they can help the client before they start detailed, time consuming work. It’s a valuable business tool that can help save brokers time and money. I believe our customers will find it very useful.” John Mawdsley, CEO at Omnii Solutions said: “The comprehensive nature of the credit report, which also has the ability to combine important elements of information needed at the point of sale, such as Electronic ID and anti money laundering requirements, will help intermediaries improve the efficiency of their operations and comply with regulations. With current statistics indicating that one in two applications are still being turned down by lenders, our CheckIT system will save PMS users time, resource and help improve the quality of mortgage...

PMS and Sesame announce their latest mortgage forum roadshow

PMS and Sesame have teamed up to take their mortgage seminars on the road throughout October and November. The roadshow will take in 12 venues in Britain, starting in Wetherby on the 19th October and finishing in Southampton on the 11th November, supported by a host of leading mortgage lenders, general insurers and product providers. The forums will focus on topics including the Mortgage Market Review (MMR) and what it means for advisers going forward. Seminars have been designed for brokers to gain insight into business diversification and the expanding mortgage, protection and general insurance proposition. Brokers will also have the opportunity to network and attend provider roundtables to hear about their latest products. John Cupis, Managing Director, PMS said: “These mortgage events are a great opportunity for brokers and advisers to enhance their skills and ensure that they are completely up to date with MMR developments. The roadshow will also provide an opportunity for brokers to talk to the lenders and providers attending the event on a one to one basis.” Sesame members interested in attending should visit www.sesame.co.uk. Directly authorised advisers should visit...

PMS extends John Malone contract into 2012

The UK’s largest mortgage club, PMS, has announced that executive chairman John Malone has committed his future to the business for at least a further two years. Malone, who was due to retire from PMS at the end of this year, is keen to continue working with the team as the business seeks to build on its market leading position in mortgages, protection and GI. Commenting on the announcement, John Malone said: “I am looking forward to continuing to work alongside the strong PMS management team of John Cupis, Lisa Martin, Rob McCoy and Roger Crocker. With the increased resources of the Sesame Bankhall Group, there are now greater benefits and opportunities that PMS will be leveraging for intermediaries. We are a strong business with a growing range of services. I look forward to playing an active role in the exciting developments that are taking place within the business. “Sesame Network members are also telling us about the improved service they are experiencing due to the greater access they have to the knowledgeable and professional PMS team based in Birmingham, so we will clearly be looking to build on that.” Stephen Young, Sesame Bankhall Group’s Chief Operating Officer commented: “John’s fundamental belief in the benefits to consumers of professional advice is as strong as ever and we are delighted that he is using his experience to help PMS brokers. John’s wealth of industry experience will continue to be put to good use fighting the brokers’ corner, during what is a critical phase given the tough mortgage market and ahead of the FSA’s Mortgage Market Review.” The Association of Mortgage Intermediaries (AMI) has also...

PMS takes roadshow to Northern Ireland

PMS is taking its mortgage market adviser forum on the road to Northern Ireland. The roadshow, which marks PMS’s 10th event in Northern Ireland, will take place on the 30 September at the Ramada Belfast Hotel, Belfast and will cover a range of topics, including the Mortgage Market Review (MMR), valuation and protection. The event is being supported by a range of 18 leading mortgage lenders and product providers and will cover: The challenges facing valuers in a recessionary market and identifying property hotspots in the province; Overview of the current mortgage market in Northern Ireland; The new general insurance proposition from PMS; and Making the most from protection business. John Cupis, Managing Director, PMS said: “This interactive forum will give brokers the opportunity to listen to the latest expert views in the market, as well as providing a platform that encourages questions and debate. Now is a valuable time for brokers to ensure their businesses are in order before the Mortgage Market Review comes into play and the forum will help ensure that they are up to date on the latest developments in the market. The event will also allow brokers to talk to the speakers on a one to one...

Sesame Bankhall Group takes top spot for mortgage distribution in the UK

Sesame Bankhall Group today issued combined results of over £12.7bn of mortgage applications for the first six months of 2010 and confirmed its position as the number one intermediary distributor in the UK. The Group is now comprised of the largest mortgage club in the UK under the PMS brand, and Sesame, the leading network for financial advisers, which supports over 2,500 members writing mortgage and insurance business. John Cupis, Managing Director, PMS said: “Since the merger of Sesame and PMS at the end of 2009, we have brought together two very strong mortgage brands and maintained our market share.  Our integration plans continue to be on track and we remain confident that we will be leading the mortgage market for years to come.” He added, “We have been busy building propositions for advisers which offer unrivalled choice and value for the tough times ahead.  We have ambitious plans to grow PMS and the Sesame network, and have some major new initiatives in the pipeline for the second half of 2010 aimed at helping brokers grow their businesses beyond just mortgages.” David Finlay, Intermediary Channel Director, Woolwich mortgages from Barclays said: “These are a great set of results and show the commitment the Sesame Bankhall Group has made to the intermediary mortgage market. They clearly demonstrate how well the recent merger between Sesame and PMS has worked out for both for the brokers and the lenders. Woolwich mortgages from Barclays are delighted to have such a progressive and forward thinking organisation as one of our key strategic partners and we look forward working with them in the challenging times ahead.”...

PMS & Sesame launch new 2 year tracker

PMS and Sesame have teamed up with Natwest to launch a new 2 year tracker product for house purchase. The 60% loan to value product is priced at 2.35% which is Natwest Base Rate + 1.85% until 30th November 2012. There is a £999 arrangement fee and overpayments of up to 10% of the loan amount are allowed within the 2 years without penalty.  Commenting Robert McCoy, Senior Product & Communications Manager at PMS® said “This is an excellent rate for 2 years which takes advantage of the low base rate for house purchase customers. Having secured  this true PMS/Sesame exclusive product, we expect this deal to be very...

PMS® launches new 2 year ERC free discounted rate mortgages

PMS® has teamed up with Hinckley & Rugby Building Society to launch 2 new discounted rate products. The 80% loan to value product is priced at 3.45% which is a discount of 2.19% for 2 years and the 85% product is priced at 3.95%, a discount of 1.69% for 2 years and both are penalty free. In addition there is a free valuation for both purchase and remortgages, and free legals for remortgages only.  Commenting Robert McCoy, Senior Product & Communications Manager at PMS® said: “These are excellent rates for 2 years with no ERC and the remortgage package offers a low cost transfer option. It is good to see that building societies are still prepared to offer competitive products and I expect these exclusive deals to be very...