Sesame Bankhall distributes £12.7bn of mortgages

Sesame Bankhall has distributed 13 per cent of all UK mortgages, confirming its position as the top intermediary distributor in the UK.

The group issued combined results of over £12.7 billion of mortgage applications for the first six months of 2010.

Sesame Bankhall is made up of the largest mortgage club in the UK under the PMS brand, Sesame.

According to John Cupis, managing director at PMS, due to the merger of Sesame and PMS at the end of 2009, he is confident the company will continue to be leading the mortgage market for years to come.

"We have been busy building propositions for advisers which offer unrivalled choice and value for the tough times ahead," he told the Financial Times.

The group reported operating profits of £2 million for the first half of this year, compared to an equivalent loss of £2 million for the same period last year.

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2010-08-17 13:03:44 © Moneyextra.com