Mortgage Advice Bureau (MAB) has reported a 19% year-on-year increase in revenue in its trading update for the six months to 30 June.
The business reached £147m for the included period, with profit before tax expected to be around £14m, a 14% uplift on the previous year.
Gross mortgage completions for the period rose 14% to £13.8bn, which MAB attributes in part to an uplift in transaction volumes ahead of the Stamp Duty Land Tax relief changes at the end of Q1.
MAB’s market share of new mortgage lending increased to 8.3% for the five months to 31 May 2025 (2024: 8.1%).
The network’s adviser base grew, with numbers up 5% to 2,041 as of 30 June with average revenue per adviser up 14% to £74,000.
In the report, MAB says it sees indications of a gradual recovery in underlying purchase activity, supported by buyer affordability and an increase in supply of new properties coming on market.
It predicts 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.
MAB founder and chief executive Peter Brodnicki says: “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.”
MAB’s interim results are due on 23 September.
