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PMS and Sesame mortgage completions rise 18 per cent in 2021

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  • 03/03/2022
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PMS and Sesame mortgage completions rise 18 per cent in 2021
Sesame Bankhall Group (SBG) said combined mortgage completions through its PMS Mortgage Club and Sesame Network rose £7.5bn last year to £49.7bn, their highest since 2007, when the figure was over £55bn.

It added that annual protection premium income through PMS and Sesame had risen by 16 per cent compared to 2020, climbing to £66.9m, and that general insurance policies written had expanded by 28 per cent.

Michele Golunska (pictured), SBG’s chief executive, remarked that its members had been working long hours due to the “buoyant mortgage market”, which had led them to write record levels of mortgage business in 2021.

She continued: “This strong performance has contributed to a growing market share across all channels – reinforcing our position as a market leader that’s focused on adding value to advisory firms and helping them to grow revenue. We’re very proud that more than one in every 10 mortgage completions in the UK are supported from within our community of PMS and Sesame advisers.”

Ross Liston, SBG’s managing director for distribution, said the past year had shown that the mortgage industry had been able to adapt to the challenges created by a fast-changing environment and that advisers should expect more to come.

He explained: “We anticipate further significant change for advisers in 2022 driven by a host of factors including economic volatility, technology innovation, evolving customer needs and a demanding regulatory agenda with new proposals such as Consumer Duty.

“However, with change comes opportunity and despite the challenges of an uncertain world we believe there’s a lot to look forward to. To support our community of over 10,000 advisers our group is investing heavily in new services, propositions and technology to better equip firms and help them build thriving customer-focused businesses for the future.”

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