Mortgage firm on the up as market recovers

Revenues and profits have risen at Mortgage Advice Bureau as the market shows signs of sustainable recovery.

The Derby-based firm recently filed a trading update for the six months to 30 June, which showed revenues of about £147 million, up 19% on the £123.9 million achieved in the first half of last year.

It expects to report adjusted pre-tax profits of circa £14 million, representing a 14% increase from £12.3 million.

Gross mortgage completions also rose by 14% from £12.1 billion to approximately £13.8 billion.

Peter Brodnicki, founder and chief executive of MAB, said: “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.”