National franchise operation Mortgage Advice Bureau has unveiled ambitious expansion plans for the upcoming year.
The firm is looking to increase its number of 80 franchises, which have a total of 225 advisers, by a third.
It will be moving into new premises in February 2005, and says it is looking at the possibility of moving into non-mortgage related products.
Peter Brodnicki, managing director of Mortgage Advice Bureau, says: “We’ve spent the past
few months consolidating during regulation, but it’s full steam ahead with plans to expand by at least a third next year – that’s a high figure for a declining market.”
Brodnicki plays down speculation that MAB’s expansion plans could potentially see it
outgrow its network, the Legal & General Partnership, despite the problems the network had at the beginning of regulation.
He says: “We have a close relationship with L&G. We need certain areas of flexibility, but that’s all.”