The lender also said that its investment in serviced helped mortgage advisors to increase productivity by an average of 20% last year.
The group’s market share also increased to 13.8% of the overall UK mortgage market, up from 13.3% in 2010.
‘It was another challenging year but with the strong support of our adviser and lender partners, PMS and Sesame once again outperformed the market. Over the past year we have made significant investments in valuable new services to enable our members to broaden their offering to clients,’ said John Cupis, managing director, PMS.
‘This includes protection, mortgage valuations and legal services that are helping intermediaries to develop new income streams. We have also bolstered our team of business managers to deliver more face to face support,’ he added.
‘In the face of a tough mortgage market, adviser productivity increased by an average of 20% last year, which demonstrates that our members are rising to the challenge and seizing new opportunities. As the Mortgage Market Review draws closer, our strong market position and regulatory expertise means we are ideally placed to help give intermediaries the services and expert guidance they will need to trade efficiently and responsibly in the future,’ he explained.
George Higginson, chief executive officer of Sesame Bankhall Group said there will be new options for advisors in 2012. ‘Our team is working hard to drive the best deals for our customers, and this is helping firms to offer their clients a greater overall service and increase business revenue. With further exciting developments planned for 2012 in areas such as protection, general insurance and adviser technology, we are determined to deliver even greater value to our customers and help their businesses to prosper for many years to come,’ he added.
PMS is the UK’s largest mortgage club for directly regulated intermediaries. Sesame is the leading network for appointed representative advisers.
