Mortgage Advice Bureau (MAB) Trading Update

Year Ended 31 December 2024

Current Trading and Outlook

MAB has reported clear signs of pent-up demand, reflected in a 15% year-on-year increase in mortgage applications during Q4 2024. Looking ahead, UK Finance forecasts a 11% rise in gross new lending for 2025, estimating a total of £235bn. MAB considers this projection both realistic and achievable.

CEO’s Comments

Peter Brodnicki, CEO of MAB, stated:

“Despite two challenging years for UK mortgage volumes, I am very pleased with how MAB has performed. We have increased strategic investment during this period, and we are beginning to see the benefits materialise through the positive momentum we are building.”

He further noted:

• Purchase transactions are expected to rise steadily over the coming year.
• Strong refinancing trends in recent years will present additional growth opportunities for MAB.