Mortgage Advice Bureau revenue up 15% in H1

The total number of advisers increased to 1,008 in H1, an increase of 58 or 6% since the end of 2016.

In H1 2016 average revenue per adviser increased by 9% compared to H1 2015 due to the spike in buy-to-let applications due to the impending stamp duty changes in April 2016.

MAB says that against this backdrop it has seen "modest growth in productivity in the six months ended 30 June 2017" and expects this to continue, with current trading in line with the Board's expectations.

Peter Brodnicki, CEO of Mortgage Advice Bureau, 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."