PMS and Sesame mortgage completions rise 18% to almost £50 billion
Sesame Bankhall Group (SBG) has today announced that combined mortgage completions in 2021 through its PMS Mortgage Club and Sesame Network were the highest for more than a decade.
- PMS and Sesame mortgage completions rose by 18% in 2021 to £49.7 billion, a £7.5 billion increase on the previous year (2020: £42.2 billion)
- Protection annual premium income (API) through PMS and Sesame increased by 16% last year to £66.9 million (2020: £57.6 million API), a rise of £9.3 million.
- General insurance (GI) policies written grew by 28%.
Commenting on the Group’s performance, Michele Golunska, Chief Executive Officer, Sesame Bankhall Group, said: “In a buoyant mortgage market advisers have been working long hours to meet high customer demand. This hard work has led to members of PMS Mortgage Club and Sesame Network writing record levels of mortgage business in 2021. 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 ten mortgage completions in the UK are supported from within our community of PMS and Sesame advisers.”
Commenting on the outlook for advisers, Ross Liston, Sesame Bankhall Group Managing Director, Distribution, added: “Last year demonstrated our industry’s ability to adapt to a rapidly changing world. 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. Working together we can help the advice industry take advantage of the opportunities ahead.”