Estate agents who use Mortgage Advice Bureau (MAB) to provide home loans to customers have helped the broking network giant increase its revenues by 19% to £147 million and profits up 14% to £14 million, its latest trading update reveals.
Covering the first six months of the year, Mortgage Advice Bureau (Holdings) plc reports a ‘solid performance’ during the period including a 14% rise in gross mortgage completions taking its total to £13.8 billion, helped it says by the April 1st Stamp Duty ‘cliff-face’ lending rush.
MAB has also increase its market share of the broker market, rising two clicks to 8.3%, and increased its broker numbers to over 2,000, up 5%.
The company has also released an upbeat assessment of the remaining months of 2025, saying: “We see continued indications of a gradual recovery in underlying purchase activity, supported by buyer affordability and an increase in supply of new properties coming on market.
“Looking ahead, refinancing is expected to accelerate in the second half of 2025 and into 2026.”
MAB has also welcomed Labour’s ‘Leeds Reforms’ via the FCA which will see mortgage rules relaxed and simplified for first time buyers.
Accessible and straighforward
“These initiatives, including the ‘Policy Statement on Mortgage Rule Review’, should enable more renters to become first-time buyers and make refinancing more accessible and straightforward,” it says.
Peter Brodnicki (main image) Founder and CEO of MAB, adds: “I am pleased to report a strong performance in the first half of 2025 with the mortgage market showing signs of a sustainable recovery. Adviser productivity is continuing to increase, and strong momentum is building in adviser growth.
“It is encouraging to see the Government so focused on housebuilding and home ownership initiatives, and we are already seeing an immediate and positive response from the financial regulators, providing a supportive backdrop for the housing and mortgage market.”
