Sesame Bankhall Group (SBG) has acquired a stake in New Homes Mortgage Services (NHMS), marking a significant step in its growth strategy.
- NHMS, based in Cannock, specialises in mortgage and protection advice for the new build market, with 40 advisers and 80 employees.
- The deal allows SBG to increase its shareholding in the future and will see SBG’s CEO, Richard Harrison, join the NHMS board.
- With over £760 million in mortgage lending and £1.4 million in protection premiums annually, NHMS is a substantial entity in SBG’s network.
- Both companies express strong intentions to collaborate on expanding services and enhancing client outcomes.
Sesame Bankhall Group (SBG) has taken a considerable step in its expansion plans by acquiring a stake in New Homes Mortgage Services (NHMS), a prominent mortgage and protection advisory firm. NHMS, which has been part of the Sesame Network for nearly three decades, is the largest appointed representative in its field within the network. This move aligns with SBG’s fresh business growth strategy launched under CEO Richard Harrison.
NHMS operates with 40 advisers and a total workforce of 80 employees, providing specialised services in the new build property market. The firm addresses the needs of 45,000 clients, boasting over £760 million in mortgage lending and £1.4 million in protection premiums on an annual basis. This partnership not only strengthens SBG’s foothold in the mortgage advisory sector but also secures a path for future investment increases, affirming the group’s ambitions to cultivate robust business growth through strategic investments.
The acquisition will see Richard Harrison joining the NHMS board, while the company maintains its current management team and employment structure, ensuring continuity and stability. Harrison noted, “The investment in New Homes Mortgage Services is a significant step in our own journey and a clear indication of our ambitious business strategy.” He emphasizes the intention to support advisory firms that share SBG’s vision, aiming to deliver excellent customer outcomes through synergy and innovation.
Stewart Bartle, managing director at NHMS, shared his enthusiasm, stating that this acquisition is a natural progression for the company as it strives to expand further. Bartle highlighted that SBG’s adviser-led growth strategy aligns perfectly with NHMS’s vision, making it an optimal partner as NHMS looks to broaden its horizon and potentially become the UK’s most significant mortgage broker. The collaboration promises to assist more individuals in achieving home ownership goals by leveraging shared values and objectives.
The partnership between SBG and NHMS is poised to drive considerable growth and innovation in the mortgage advisory space, benefiting both firms and their clients.
