16th May 2018 11:49
LONDON (Alliance News) - Financial services provider Mortgage Advice Bureau (Holdings) PLC said on Wednesday at its annual general meeting that trading has been in line with management expectations.
Since publishing its 2017 results in March, adviser numbers increased to 1,116 numbers as at last Friday. Mortgage Advice Bureau expects new business recruitment to be weighted again to the second half of 2018.
In addition, the company welcomed the report form the UK Financial Conduct Authority on its Mortgage Market Study, which reported that the market is working well in many respects, but stressed the importance of developing tools for consumers to better compare different mortgage deals.
"We are just over a year into our three-year plan that is focused on building solutions for the future; this will ensure MAB is able to maintain and build upon its leading position in the intermediary sector. We continue to invest in our core business model with our plans for 2020 and beyond designed to secure sustainable long-term growth whilst continuing to deliver strong results in the meantime," said Chairman Katherine Innes-Ker.
Shares in Mortgage Advice Bureau were up 2.5% at 610.00 pence on Wednesday.
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