Bureau Landmark

Bondholder Mortgage Advice Bureau (MAB) has exceeded £100m revenue during its latest financial year, according to new figures.

MAB have said, that in the year to 31st December 2017, revenue increased 17% to £109m. They have also recorded an increase of 3% in revenue per advisor.

Chief executive, Peter Brodnicki said: "MAB has delivered yet another strong performance, whilst also continuing to invest in accordance with our very clear strategy that will ensure continued and sustainable market share growth.

"Activity levels remain relatively flat in the housing and mortgage markets and are forecast to remain so over the next few years, with an increase in first time buyers countering a flat home mover market and a weaker buy-to-let purchase market.  Remortgaging and product switch activity remain on the increase.

"We have a strong pipeline of potential new ARs, and we remain confident about delivering our growth plans, both organically and from new ARs.

"MAB's strategy combined with the strength of our market position, puts us in a strong position to capitalise on a digitally enabled intermediary sector in terms of market share, as well as further enhancing customer choice and the overall customer experience."