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MAB continues to expand high-street presence

The Mortgage Advice Bureau says improving conditions in the mortgage market are behind its decision to continue to expand its high-street presence.

The business has opened its fifth high-street mortgage shop, adding to the two it opened last year, and says it has plans for further openings in future. 

The new shop is based in Swindon and will be headed by appointed representatives Jeremy Morcumb and Gary Price.

MAB chief executive Peter Brodnicki says there are definite signs of a recovery in mortgage lending, with plenty of demand from first-time buyers and home movers and says there is an expectation that housing transactions will grow steadily in the next five years.

He says: “The vast majority of mortgage brokers are not visible to the public on the high street but a mortgage shop branded as professionally as any mainstream lender can soon become the first stop for customers who want genuinely independent mortgage advice.

“Our mortgage proposition has never been stronger following last year’s acquisitions and our mortgage shop ARs are supported by a comprehensive marketing and brand strategy to help them generate footfall and become a one-stop shop for mortgage and protection advice in the local area.”

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