The remortgaging market both for residential and buy-to-let remains steady says MAB

July 25, 2017

Mortgage Advice Bureau (Holdings) plc today 25th July 2017  released its Pre-close Trading Update for the six months ended 30 June 2017, ahead of publishing its interim results announcement on Tuesday, 26 September 2017.

Revenue for the six months ended 30 June 2017 increased by 15% to £49 million driven by a 14% increase in the average number of Advisers to 974 over the period. 

Peter Brodnicki, CEO of Mortgage Advice Bureau (Holdings) plc, said:

“Activity overall in the housing market has remained steady and was not unduly affected by the election in early June.  There are some signs of softening home mover activity. However, for most of those moving home currently, it is not a discretionary decision, with lifestyle factors causing them to need to move.  The remortgaging market both for residential and buy-to-let remains steady.

“We continue to enjoy a strong financial position and are focussed on our market share growth. Our technology developments are progressing well and will help drive our future market share growth and further strengthen MAB’s overall market position in 2018 and beyond.”

Read the MAB Pre-close Trading Update in full click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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