PMS and Sesame mortgage completions rose by £2.5 billion in 2019 to £44.4 billion (2018: £41.9 billion), a 6% increase on the previous year.
Commenting on the Group’s performance, John Cowan, Executive Chairman, Sesame Bankhall Group, said:
2019 was another outstanding year for PMS and Sesame. It was our best mortgage performance for more than a decade and represents a 12% market share across all channels. Quality advice continues to dominate the UK mortgage market and we have worked hard to maintain our strong position. In challenging market conditions we’ve helped advisers to seize the opportunities to thrive and grow. PMS and Sesame have been very active in expanding their breadth of propositions to give mortgage advisers more choice, and the ability to cater for a wider range of customer needs. This includes bolstering support in specialist and later life lending, new build and product transfers. We’ve also invested in our people to ensure we have the specialist skills in place on the ground, to help advisers make the most of emerging opportunities. The response we’ve had from advisory firms has been excellent. It’s enabling firms to grow their businesses in a range of new areas and trade safely.
Commenting on the year ahead, John added: “Activity levels so far this year have been high. However, we must remain vigilant given the unchartered territory we are now in. To combat the economic uncertainty and regulatory challenges ahead we’re helping advisory firms to expand their propositions and engage customers, because all the evidence tells us that people want and value advice. We’re here to help our members deliver just that. We’re actively targeting a range of market segments, where people will benefit from the support our members can provide. We’re also investing in new digital technology to increase adviser efficiency and help our members to future proof their businesses, to ensure they retain their position as the natural port of call for mortgage customers.”