MAB reports 28% rise in revenue

The broker made a £3.9m profit in the first six months of the year - up from £3m in the same period of 2014 - and reported cash balances of £11.5m at the end of June, up from £9.3m at the end of December 2014.

Adviser numbers also grew by 88 to 722 in the six months to 30 June.

Peter Brodnicki, Chief Executive commented: "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."