Mortgage Advice Bureau (Holdings) (GB:MAB1) has released an update.
Mortgage Advice Bureau (Holdings) reports a year-to-date improvement in new mortgage applications, with a notable recovery in the Buy-to-Let sector, although re-mortgaging has dipped slightly. Despite a slow first quarter in 2024 with a 13% drop in new mortgage lending, the company managed to maintain its total mortgage completions at £5.7bn, thanks to increased productivity and adviser recruitment. Looking forward, the company anticipates growth in adviser numbers later in the year and is optimistic about the second half, as the outgoing Non-Executive Chair passes the baton to Mike Jones with the company in strong standing.
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