You are here: Home - News -

Product transfers drive PMS and Sesame mortgage business up 20%

  • 03/05/2018
  • 0
Product transfers drive PMS and Sesame mortgage business up 20%
PMS Mortgage Club and Sesame Network have seen combined mortgage completions rise by 20% to £9.6bn in the first three months of 2018, up £1.6bn on the same period last year.


The firm revealed that its advisers completed around 10,000 more mortgages between January and March, with remortgaging and product transfers the main source of growth.

Speaking to Mortgage Solutions earlier this year, Sesame and PMS managing director Mark Graves (pictured) said he believed brokers could double their share of the product transfer market by the end of the year and maintain their majority share of the mortgage and remortgage market while doing so.

The business’ first quarter results appear to show that aim is being fulfilled.


Trend to continue

Commenting on these latest results, Graves said the increase was “very encouraging”.

“PMS and Sesame members wrote around 10,000 additional mortgage cases, compared to the same period last year, which is testament to the valuable service they are delivering to their customers,” he said.

“With the arrival of new business models such as robo-advice, it is really heartening to see the increasing demand for advice from professionals.”

Graves added: “Remortgages and product transfers are driving the majority of our growth, which is something we expect to see continue into the second quarter and ahead of any potential interest rate rises in 2018.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
John Heron
Landlord confidence ‘stable’ Paragon survey reveals

A new study from Paragon has found that landlord confidence across a range of measures remained stable or increased in...