The result means that Sesame and PMS took a 13% share of the entire UK mortgage market last year.
It was the first full year of operation since the formation of the Sesame Bankhall Group, which has a powerful proposition through the combination of the country’s largest mortgage club for DAs, PMS, and the largest AR network Sesame.
John Cupis, managing director at 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.”
He added: “2011 will be another challenging year, but we are investing to support intermediaries. 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, said: “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 2011.”
