MAB adviser numbers increase 25% in 2015

The report also noted that revenue had increased 33% to £75.5m with adjusted profit before tax and exceptional items rising by 31% to £10.4m.  

Mortgage lending activity, which had slowed in the second half of 2014 following a pre-MMR spike in volumes, saw some 'encouraging' signs of increased activity early in 2015 - overall lending volumes for the mortgage market as a whole in 2015 were estimated by the CML at £220bn, circa 8% above those of 2014 (£203bn).  MAB's own gross mortgage lending increased by 31% to £7.8bn in 2015, with its overall share of UK new mortgage lending increasing by 18% to 3.6%.

The company also reported that adviser numbers were up 25% to 790 at 31 December 2015, rising to 844 by 18th March this year.

Peter Brodnicki, Chief Executive commented: 

"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% to 3.6% in 2015.  We are confident that our strategy is on track to continue to deliver strong revenue growth and attractive returns to investors."