Revenues rise at mortgage firm

Mortgage Advice Bureau has reported a rise in revenues for the first half of the year.

New figures released by the Pride Park-based firm show that revenue increased by 21% for the six months to the end of June.

The firm said revenues topped £116 million – up from £96.5 million achieved in the same period in 2022.

Peter Brodnicki, chief executive at of MAB, said: “Despite strong underlying demand for property, some buying decisions are understandably being delayed by our customers until we have a more stable economic and interest rate environment.

“Despite the additional market pressure, I am delighted with how MAB is performing and how our market share continues to grow.

“Despite the signs of a market recovery being further off than we expected three months ago, business efficiency continues to increase, adviser productivity has been maintained, and all strategic initiatives continue to progress well.

“The group is well positioned to deliver further growth as the market recovers.”