The mortgage completions increased by 18% in 2021 to £49.7bn, a £7.5bn increase on the previous year
Combined mortgage completions in 2021 through PMS Mortgage Club and Sesame Network were the highest for more than a decade, the Sesame Bankhall Group (SBG) has announced.
The mortgage completions increased by 18% in 2021 to £49.7bn, a £7.5bn increase on the previous year.
SBG also said that the protection annual premium income through PMS and Sesame increased by 16% last year to £66.9m, while general insurance policies written grew by 28%.
“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,” Michele Golunska, SBG chief executive officer, 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.”
Read more: Sesame acquires Bankhall and PMS.
Ross Liston, SBG managing director for distribution, said that the company is anticipating 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.
“However, with change comes opportunity and despite the challenges of an uncertain world we believe there’s a lot to look forward to,” Liston said. “Last year demonstrated our industry’s ability to adapt to a rapidly changing world.”