View more on these topics

MAB increases mortgage volumes 31%

Peter Brodnicki

Mortgage Advice Bureau processed £7.8bn of mortgage cases in 2015 – a 31 per cent increase in the previous year.

This gave the broker a 3.6 per cent share of new lending at the end of last year.

The firm reported a 51 per cent increase in pre-tax profit, rising from £6.9m in 2014 to £10.4m last year.

MAB reported a 33 per cent increase in revenue to £75.5m in 2015. Procuration fees accounted for 41 per cent of its income, insurance commission accounted for 40 per cent, client fees accounted for 17 per cent and the remaining 2 per cent came from other sources.

Average adviser numbers grew by 24 per cent to 720 between 2014 and 2015.

Chief executive Peter Brodnicki says: “”I am delighted to report that in the first full year following our IPO, we have had another year of strong revenue and profit growth, resulting from our strategy focused on our core areas of specialism. 2015 marked our seventh consecutive year of significant profit growth, demonstrating both our understanding of the market in which we operate and our focus on building a high quality business with sustainable profitability.

“Our share of UK new mortgage lending grew by 18 per cent to 3.6 per cent in 2015. We are confident that our strategy is on track to continue to deliver strong revenue growth and attractive returns to investors.”


Peter Brodnicki

MAB valued at £80m after firm raises £36m in initial offering

The Mortgage Advice Bureau has raised £36.3m in its initial public offering at 160p per share, valuing the firm at £80.8m. Last month, the MAB revealed it was floating 45 per cent of the business on Aim.  Following the placing, MAB chief executive Peter Brodnicki (pictured) owns 36 per cent of the firm, worth £29m, […]

Peter Brodnicki 480

MAB prepares for AIM flotation

Mortgage Advice Bureau has announced plans to list on the Alternative Investment Market, a sub-market of the London Stock Exchange that allows smaller firms to float. A successful launch will see former Mortgage Talk chairman and current MAB director Peter Birch exit the business. Birch received shares as part of MAB’s acquisition of Mortgage Talk […]


Editor’s note: Little-known boost for B2L but still no housing plan

Those expecting a rabbit out of a hat-type announcement in last week’s Budget would have been bitterly disappointed. All in all, the whole affair was pretty beige – despite some well-timed one-liners – and rhetoric over substance was the order of the day. There were, however, some interesting announcements, the Lifetime Isa being one of […]


Pepper appoints Promise Solutions as approved packager

Pepper Homeloans has apppinted Promise Solutions as an approved packager. The lender launched in the UK last year and only sells through packagers and intermediaries. Promise Solutions managing director Steve Walker says: “Now MCD is in play the role of packagers will be amplified as brokers get to grips with specialist lending and we are […]


News and expert analysis straight to your inbox

Sign up