Together with mortgages arranged by Sesame advisers the group’s mortgage business will be around £19bn for the year, giving them a 14% market share if gross lending comes in at £135bn as expected.
The PMS mortgage figures are £1bn up on 2010.
John Malone, executive chairman of PMS, has also confirmed he will remain at the firm for a further 12 months taking him to the end of 2013.
Malone’s contract was due to expire in December this year but Sesame Bankhall’s chief executive George Higginson revealed the decision to keep Malone on at PMS’s 15th anniversary dinner held at London’s Paramount club last night.
Malone said: “We’ve had a very successful year and I’m glad I’ll be staying on as part of such a great and balanced management team.”
Malone said his decision to stay was driven in large part by a desire to see brokers through the worst of the downturn and implementation of regulation.
“By the end of 2013 I hope we’ll have more clarity on what the future will look like after the credit crunch and the bedding in of both the Mortgage Market Review and the Retail Distribution Review,” he said.
“I also think brokers need people around they trust to discuss whether they’re doing the right thing by their business.”
Malone added that with more onus being put on lenders to do their own due diligence on brokers, he wanted to help PMS advisers to deal with increasing demands on their compliance.
