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MAB generates over £30m

Mortgage Introducer

September 24, 2015

The Derby-based brokerage generated £31.2m in H1 2015, an increase of 28% from £24.5m in H1 2014.

It also upped its profits by 27% year-on-year from £6m to £7.6min.

Peter Brodnicki, chief executive, said: “I am pleased to report another strong set of results reflecting the robust momentum in our business and this is reflected in our maiden interim dividend.

“The general election outcome has been viewed positively across the intermediary, housing and mortgage sectors, with planning for growth high on the agenda for many market participants.

“Intermediary market share has continued to rise and in the six months to 30 June 2015 stood at 69%. New lenders continue to enter the market with highly intermediary-focussed business models.

“Recent speculation that a base rate rise may be on the horizon has triggered the first signs of increased activity in the remortgage market as borrowers look to secure mortgage deals at the record low rates of interest currently available.”

The MAB floated on the London Stock Exchange last year and was valyed in excess of £80m.


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