REG - Mortgage Adv. Bureau - AGM Trading Statement

Mortgage Advice Bureau (Holdings)Announcement

21/05/2025 07:00

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RNS Number : 4803J  Mortgage Advice Bureau (Hldgs) PLC  21 May 2025

21 May 2025

Mortgage Advice Bureau (Holdings) plc

("MAB" or the "Group")

 

AGM Trading Statement

 

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L), a leading
technology-driven UK mortgage network and broker, will hold its Annual
General Meeting at 1pm today during which Chair, Mike Jones, will make the
following statement:

 

"The increased mortgage activity seen through the latter part of 2024 has
continued into 2025. The cost of borrowing and mortgage rates have continued
to decline from recent highs, with further cuts to the Bank of England's Base
Rate expected this year.

 

Mortgage completions were particularly strong in Q1 2025, boosted by the
pull-forward of some property transactions ahead of the 31 March 2025 changes
to Stamp Duty Land Tax (SDLT) relief. Purchase activity remains stronger year
on year, underpinned by improving buyer affordability and an increased supply
of new properties coming onto the market. If mortgage rates remain stable or
decline further, we expect purchase activity in 2025 to continue to outperform
2024.

 

Refinancing is expected to accelerate in the second half of 2025 and into
2026, as a significant number of 5-year fixed mortgages from the post-pandemic
boom, and 2-year fixed deals taken out following the 2022 mini budget reach
maturity.

 

The number of mainstream advisers(1) as at 16 May 2025 has grown 3% since the
year end to 2,003 (31 December 2024: 1,941). With the housing and mortgage
markets showing signs of a sustainable recovery, we are seeing increased
confidence among Appointed Representatives (ARs), with more advisers joining
and momentum in new AR firm recruitment.

 

We welcome the Government's growth agenda, including efforts to accelerate new
housing development in the UK, and support the Financial Conduct Authority's
(FCA's) initiatives to promote responsible lending - particularly regarding
mortgage affordability stress testing and the consultation to simplify
mortgage rules - both of which should help more renters become first-time
buyers and support sustainable growth.

 

We are pleased with our performance so far in 2025, and the Group continues to
trade in line with the Board's expectations."

 

 1  Excludes directly authorised advisers, later life advisers without a
mortgage and protection license, and advisers in the process of being
onboarded who are not yet able to trade.

 

 

Enquiries:

 Mortgage Advice Bureau (Holdings) plc             Via Camarco

 Peter Brodnicki, Chief Executive Officer

 Ben Thompson, Deputy Chief Executive Officer

 Emilie McCarthy, Chief Financial Officer

 Nominated Adviser and Joint Broker

 Keefe, Bruyette & Woods, a Stifel Company           +44 (0) 20 7710 7600

 Erik Anderson / Nick Harland / Francis North

 Joint Broker

 Berenberg                                         +44 (0) 20 3207 7800

 James Felix / Michael Burke / Dan Gee-Summons

 Joint Broker

 Peel Hunt LLP                                     +44 (0) 20 7418 8900

 Andrew Buchanan / Oliver Jackson / Rob Parker

 Media Enquiries

 Camarco                                           mab@camarco.co.uk

 Tom Huddart / Louise Dolan / Letaba Rimell

 Investor Relations                                Investor.relations@mab.org.uk

 

About MAB:

MAB is one of the UK's leading consumer intermediary brands and specialist
networks for mortgage advisers.

Through its partner firms known as Appointed Representatives (ARs), MAB has
approximately 2,000 advisers providing expert advice to customers on a range
of mortgage, specialist lending, protection, and general insurance products.
MAB supports its AR firms with proprietary technology and services, including
adviser recruitment and lead generation, learning and development, compliance
auditing and supervision, and digital marketing and website solutions.

For more information, visit www.mortgageadvicebureau.com
(https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.proofpoint.com%2Fv2%2Furl%3Fu%3Dhttp-3A__www.mortgageadvicebureau.com_%26d%3DDwMF-g%26c%3DeuGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM%26r%3DNj006SAhpfJGzqX7TkdnFCOXt8K8HLR6t-m0tfk0sKk%26m%3DgFRfhF8o351YluA18Bjv7ycyKw7h2VVplazDY2IEW0sQ8C0AaYe1Qup_V9gmZQNd%26s%3DKfp85WcIcWHD48Cv6_MtN85WTzPhbcPhgoql1Us5h60%26e%3D&data=05%7C02%7CLetaba.Rimell%40camarco.co.uk%7C49fa9aa74f034fc9a49108dcfff2bf39%7C77a5f6209d7747dba0cd64c70948d532%7C1%7C0%7C638666665356187099%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=OvOcJHyFYzHfR6M9dFsyhwxgXQbIjrac6cGpXoERDmo%3D&reserved=0)

 

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