Sesame Bankhall Group (SBG) has acquired a stake in New Homes Mortgage Services (NHMS) LLP, signalling a strategic expansion.
- NHMS, a key member of SBG’s Sesame Network for three decades, is a prominent mortgage and protection firm.
- The acquisition aligns with SBG’s growth strategy under CEO Richard Harrison, who will join the NHMS board.
- NHMS operates with 40 advisers and serves 45,000 clients, focusing on new build markets.
- SBG’s investment underscores a shared vision to grow as a leading UK mortgage broker.
Sesame Bankhall Group’s acquisition of a stake in New Homes Mortgage Services (NHMS) LLP marks a significant expansion effort for the group. By securing an interest in NHMS, which has been a distinguished member of SBG’s Sesame Network for nearly 30 years, the group enhances its presence in the mortgage and protection sectors.
NHMS stands as the largest appointed representative mortgage and protection firm within the Sesame Network, renowned for its focus on the new build market. With a robust team of 40 advisers and a workforce of 80, NHMS caters to the financial needs of 45,000 clients annually, managing over £760 million in mortgage lending and £1.4 million in protection premiums. This acquisition represents the first move by SBG following the introduction of a new business growth strategy led by CEO Richard Harrison earlier this year.
In line with this strategic manoeuvre, Richard Harrison will become a member of the NHMS board, while the existing management and operation structure of NHMS remains unchanged. According to Harrison, “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 and develop our adviser network and the wider Group.”
The acquisition not only strengthens SBG’s advisory network but also reflects its commitment to fostering organic growth and investing in like-minded businesses. Harrison emphasised the group’s strategy to partner with firms sharing their dedication to achieving optimal customer outcomes.
NHMS’s Managing Director, Stewart Bartle, affirmed that the partnership with SBG is vital to realising their growth ambitions. Bartle stated, “From day one, it was clear that Sesame Bankhall Group’s own adviser-led growth strategy and vision matched ours, making them the perfect partner to support our long-term aim to become the UK’s largest mortgage broker, helping more people to achieve their home ownership goals.”
The strategic acquisition by Sesame Bankhall Group signifies a forward-thinking approach to expanding its market influence and supporting client-focused growth.
