Mortgage Advice Bureau's group revenue increased by 19% to £147m in the first half of 2025, supported by "a gradual recovery in underlying purchase activity, supported by buyer affordability and an increase in supply of new properties coming on market".
MAB's board expects to report adjusted PBT of c.£14m, representing 14% growth on the equivalent period last year.
MAB's gross mortgage completions increased by 14% to £13.8bn, supported in part by property transactions being brought forward ahead of the 31st March changes to stamp duty relief. As a result, the group's market share of new mortgage lending increased to 8.3% for the five months of 2025, up from 8.1% last year.
The number of mainstream advisers was up 5% in H1 2,041, while average revenue per adviser increased by 14% to £74,000.
Looking ahead, MAB says it expects refinancing to accelerate in the second half of 2025 and into 2026, as a substantial volume of five-year fixed mortgages from the post-pandemic boom and two-year fixed deals taken out following the 2022 mini budget approach maturity.
Peter Brodnicki (pictured), founder and CEO of MAB, commented: “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.”
