Sesame Bankhall Group (SBG) has acquired a “significant” stake in mortgage and protection broker, New Homes Mortgage Services (NHMS), with the option to increase the shareholding in the future.
NHMS is the largest appointed representative (AR) mortgage and protection firm within SBG's Sesame Network, having been a member for nearly 30 years. SBG told COVER that no further specific details on the stake itself, nor financial or commercial terms, could be shared presently, but said it is a "significant, decent-sized stake". NHMS is a mortgage and protection advisory business specialising in the new build market, comprising of 40 advisers and 80 employees. Protecting 45,000 clients, the firm has reportedly recorded more than £760m of mortgage lending and £1.4m of protection prem...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
