MAB reveals bold plan to boost its franchises

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.”