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.”
Nigel Stockton, Sales Director – Mortgages, Lloyds Banking Group said: “These results show just how strongly Sesame Bankhall has performed in H1 2010. They are first class. A full 13% of all mortgages in the UK now go through Sesame Bankhall Group and they are by far the largest Intermediary operating in the UK.”
Adrian Whittaker, Key Account Director, Abbey for Intermediaries said: “Sesame Bankhall Group has continued to support the intermediary market throughout the tough market conditions and these results are testament to their continued strength as a mortgage club and network. Santander & Abbey for Intermediaries, look forward to further developing our close partnership with the Group going forward.”