Mortgage Advice Bureau (MAB) has announced a notable increase in its first-half revenue and mortgage completions, despite facing a challenging UK housing market characterized by low consumer confidence and fluctuating mortgage rates. The technology-driven property finance group reported a 16% rise in mortgage completions, reaching approximately £16.5 billion in the six months ending 30 June 2026, compared to £14.2 billion during the same period last year. Revenue also saw an 8% increase, climbing to around £160 million from £148.2 million in the first half of 2025, bolstered by a surge in property refinancing.
How has MAB performed in the mortgage market?
The recent performance of MAB highlights its ability to navigate a challenging mortgage market. The group’s share of new mortgage lending increased slightly to 8.3% in the five months leading to 31 May 2026, up from 8.2% the previous year. Additionally, its share of product transfers rose from 2.9% to 3.2%. This growth illustrates MAB’s expanding influence in the mortgage sector, particularly as it adapts to changing market conditions.
What does this mean for borrowers?
For borrowers, MAB’s results suggest a continued opportunity for refinancing, especially as the company anticipates 70,000 fixed-rate mortgage maturities in the second half of the year, which could drive refinancing volumes. The first 19 weeks of 2026 saw mortgage applications increase by 15% year-on-year, indicating that many borrowers are taking proactive steps to secure better rates amid ongoing interest rate uncertainties. However, a subsequent 13% decline in applications over the last seven weeks of June signals potential caution among consumers.
What challenges are affecting the mortgage market?
The UK housing market remains under pressure due to subdued consumer confidence and volatile mortgage pricing. MAB’s adjusted profit before tax is projected to be around £14.6 million, which is relatively stable compared to £14.5 million in the first half of 2025. This stability in profit, despite market challenges, reflects MAB’s effective strategies in managing its operations and responding to market demands.
What this means for brokers and investors
Brokers and investors should take note of MAB’s growth in market share and completions, as it indicates a shift in borrower behavior towards refinancing rather than new purchases. With mortgage applications showing mixed signals, brokers may need to adjust their strategies to focus on refinancing opportunities. Investors should also be aware that the market dynamics are shifting, and understanding these trends will be important for making informed decisions moving forward.
Frequently asked questions
What should borrowers do in the current mortgage market?
Borrowers should consider refinancing options, especially with a significant number of fixed-rate mortgages maturing in the second half of the year. Keeping an eye on market trends and interest rates will help in making timely decisions.
How can brokers adapt to the changing mortgage market?
Brokers should focus on refinancing opportunities and stay informed about market shifts. Understanding borrower needs and providing tailored advice will be key to maintaining competitiveness in the evolving mortgage market.