Sesame Bankhall Group (SBG) expands its portfolio by acquiring a stake in New Homes Mortgage Services (NHMS) LLP, indicating strategic growth plans.
- NHMS has been an integral part of SBG’s Sesame Network for nearly three decades, boasting a robust team of 40 advisers.
- The acquisition aligns with SBG’s ambitious growth strategy led by CEO Richard Harrison, who will now join the NHMS board.
- NHMS specialises in the new build mortgage market, serving an impressive client base with significant annual mortgage lending figures.
- The shared vision between SBG and NHMS aims to elevate service delivery and innovation for their customers.
Sesame Bankhall Group (SBG) has taken a significant step by acquiring a stake in New Homes Mortgage Services (NHMS) LLP. This move is reflective of SBG’s broader strategic vision to fortify its position in the mortgage advisory industry. NHMS, having been a part of SBG’s Sesame Network for almost 30 years, stands as a notable appointed representative (AR) firm, which boasts 40 advisers and a team of 80 employees.
This acquisition marks SBG’s first formal investment in an advisory firm following the introduction of its new growth strategy under the leadership of CEO Richard Harrison. Mr Harrison’s involvement in the governance of NHMS, as he joins the board, underscores the integration of SBG’s strategic direction with NHMS’s operational expertise in the new build market.
NHMS, based in Cannock, operates with a firm commitment to catering to the mortgage and protection needs of a sizable clientele. The firm’s operations span the management of over 45,000 clients, with impressive annual figures of over £760m in mortgage lending and £1.4mn in protection premiums.
The acquisition retains the existing management team and structure at NHMS, ensuring continuity in its service approach. Richard Harrison emphasised the significance of this partnership stating, “The investment in New Homes Mortgage Services is a significant step in our own journey and a clear indication of our ambitious business strategy and commitment to grow.”
Stewart Bartle, managing director at NHMS, welcomed the partnership, describing it as a natural progression for the firm. Stewart expressed confidence in the shared strategic goals of the two entities, remarking that SBG’s vision complements NHMS’s aspiration to become a leading mortgage broker in the country.
This collaboration is expected to enhance the service delivery and innovative capabilities of both SBG and NHMS. By leveraging their combined expertise, they aim to provide outstanding value and services to their clients, aligning with the shared ethos of prioritising customer outcomes.
The strategic partnership between SBG and NHMS marks a pivotal chapter in their pursuit of growth and excellence in mortgage advisory services.
