Mortgage firm achieves ‘resilient performance’

Mortgage Advice Bureau has said it achieved a “resilient performance” in the first half of the year despite a challenging market.

In a trading update covering the six months to 30 June, the Pride Park-headquartered firm said, “subdued consumer confidence and continued volatility in mortgage pricing” created a “more complex environment for both customers and advisers”. 

Despite these conditions, total mortgage completions increased by 16% to approximately £16.5 billion.

Group revenues increased by eight per cent to about £160 million.

Adjusted pre-tax profits are expected to be approximately £14.6 million, in line with the equivalent period last year of £14.5 million.

Peter Brodnicki, founder and chief executive, “MAB delivered a resilient performance in the first half, with mortgage completions increasing by 16% and further growth in our market share across both new mortgage lending and product transfers.

“The mortgage market remains predominantly refinance-led, with growth concentrated in remortgages and product transfers, while a sustained recovery in purchase activity has yet to emerge. This represents a significant change in business mix compared with the first half of 2025.

“Against this backdrop, MAB has continued to demonstrate its strength and resilience, and we have strong visibility over the significant fixed-rate mortgage maturity opportunity in the second half.”