24th Jul 2025 14:21
(Alliance News) - Mortgage Advice Bureau Holdings PLC on Tuesday said it expects to report a growth in earnings for the first half of 2025, buoyed by the timing of stamp duty changes and an increased market share.
The Derby, England-based mortgage broker expects to report revenue around GBP147 million for the six months that ended June 30, up 19% from GBP123.9 million the year before.
The firm also anticipates adjusted pretax profit of about GBP14 million, 14% higher than GBP12.3 million a year earlier.
Gross mortgage completions rose 14% to around GBP13.8 billion during the six-month period from GBP12.1 billion, partly driven by some property deals being brought forward ahead of the changes to stamp duty land tax relief at the end of March.
The company said its market share of new mortgage lending increased to 8.3% for the five months to May 31, against 8.1% in 2024.
"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," said Founder & Chief Executive Officer Peter Brodnicki.
"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."
Looking ahead, Mortgage Advice Bureau said it continues to trade "in line" with expectations.
It anticipates refinancing will "accelerate" in the second half of 2025 and into 2026, "as a substantial volume of 5-year fixed mortgages from the post-pandemic boom and 2-year fixed deals taken out following the 2022 mini budget approach maturity", the company explained.
Shares in Mortgage Advice Bureau were up 2.8% at 798.00 pence in London on Thursday afternoon. The stock remains down 13% over the past year.
By Emily Parsons, Alliance News reporter
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