23rd Jul 2015 08:09
LONDON (Alliance News) - Consumer mortgage and mortgage intermediary Mortgage Advice Bureau (Holdings) PLC on Thursday said it has grown its adviser base in the first half of 2015 and is encouraged by the trends in the mortgage market in the UK.
The company said it has increased its adviser numbers to 722 at the end of June, up from 634 at the end of 2014. The company said its adviser and appointed representative base is a key driver of revenue.
The group added it has seen a continuing rise in revenue in the half, up 27% year-on-year to GBP31 million, and said current trading in is line with its expectations.
"I am delighted with the progress we have made post our IPO in November 2014. MAB continues to be an attractive home for ambitious, forward thinking and growing Appointed Representative firms. It is also pleasing to see positive trends in terms of the mortgage and housing markets, new lenders coming to market, and intermediary market share, all contributing to MAB's great deal of optimism for the future," said Chief Executive Peter Brodnicki.
Mortgage Advice Bureau shares were up 2.6% to 258.00 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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