Founded in 2000, Mortgage Advice Bureau Plc is a UK-based leading mortgage intermediary brand that is engaged in offering various financial services such as advice on protection and general insurance products and the provision of mortgage advice. With more than 1,600 advisers across UK it offers mortgage advice on regional, local, and national level to customers, over phone and face-to-face, as well as advice on general and protection insurance products. It looks for thousands of mortgage deals to find the best and suitable for customer’s needs and circumstances. The company is listed on the Alternative Investment Market (AIM) of the London Stock Exchange since 2014 as LON: MAB1.
The company offers a full range of lifestyle and income protection cover to protect its customer from the unexpected and it covers all aspects of property-related lending including Buy-to-let, help to buy, Affordable Housing schemes and many more. The company’s objective is to capitalize on maturing and new growth drivers with focus on securing further growth through initiatives such as lead generation, technology development and specialization. The company seeks to develop long term strategic relationships with its AR firms so there is a close alignment of interests, and it carries out all of the compliance supervision on behalf of the AR firms, ensuring great control and helping to achieve consistent high standards.
The company’s network provides advice on more than 10,000 residential and buys to let mortgage products from around 100 lenders, including those that are only available through mortgage intermediaries. Its three main revenue streams include insurance commission from general insurance policies, advised sales of protection, mortgage procuration fees paid by Leanders through the L&G Mortgage Club and client fees paid by the underlying customers for the provision of mortgage advice, which can be split between mortgage offer, application fee or completion fee.
The company has also developed support services for intermediary businesses that operates in specialist sectors such as new build, estate agency, mortgage shops, buy-to-let and telephone-based mortgage advice. It offers insurance cover for income protection, building and contents insurance, mortgage payment protection, critical illness cover (CIC), life assurance and mover’s protection. The company MIDAS Pro software enables it to offer bespoke solutions in all its areas of specialization.
Capital House, 2 Pride Place DE24 8QR United Kingdom