Mortgage Advice Bureau (MAB) has reported a notable increase in first-half revenue and mortgage completions, despite facing a challenging UK housing market characterized by low consumer confidence and fluctuating mortgage pricing. The technology-driven property finance group revealed that mortgage completions surged by 16%, reaching approximately £16.5 billion for the six months ending 30 June 2026, compared to £14.2 billion in the same period last year.
How Did MAB Achieve Growth in a Tough Market?
MAB’s revenue increased by 8% to about £160 million, up from £148.2 million in the first half of 2025. This growth was largely driven by an uptick in property refinancing, contrasting with the previous year’s surge in purchase lending, which was influenced by anticipated changes to Stamp Duty Land Tax relief in 2025. The company’s share of new mortgage lending slightly increased to 8.3%, while its share of product transfers rose to 3.2%.
What Are the Implications for Borrowers and Investors?
The rise in mortgage completions and revenue suggests that borrowers are actively seeking refinancing options, particularly in light of ongoing uncertainty regarding interest rates. MAB noted that mortgage applications were 15% higher year-on-year during the first 19 weeks of 2026, driven by customers looking to refinance early. However, a subsequent decline of 13% in applications over the next seven weeks indicates a potential cooling in consumer activity, leaving year-to-date applications 7% higher than the same period last year.
For landlords and investors, this could signal a window of opportunity to refinance existing mortgages at potentially more favorable rates, especially with 70,000 fixed-rate mortgage maturities expected in the second half of the year.
What Should Brokers Watch for Next?
Brokers should pay attention to MAB’s upcoming interim results, scheduled for 22 September 2026, as these will provide further insights into market dynamics and consumer behavior. The stability in adjusted profit before tax, expected to be around £14.6 million, indicates that MAB is managing to maintain profitability despite market fluctuations. Brokers may find opportunities in the refinancing market, particularly as MAB’s increased market share suggests a competitive environment.
What This Means for the Mortgage Market
The resilience shown by MAB in increasing its market share and revenue amidst a challenging environment highlights the adaptability of the mortgage market. Borrowers looking to refinance might find advantageous conditions, while brokers can capitalize on the evolving market by offering tailored advice and products. The anticipated increase in refinancing volumes due to fixed-rate maturities could lead to a more dynamic market in the latter half of 2026.
Frequently asked questions
What factors are influencing MAB’s growth in the mortgage market?
MAB’s growth is primarily driven by an increase in property refinancing, which has been significant amidst changing consumer confidence and interest rate uncertainties.
How can borrowers benefit from the current mortgage market conditions?
Borrowers may benefit from refinancing opportunities, particularly with a notable number of fixed-rate mortgages maturing, allowing them to potentially secure better rates in a fluctuating market.