Office address: Capital House, Pride Place, Derby DE24 8QR
Website: www.mortgageadvicebureau.com
Year established: 2000
Company type: financial services
Employees: 2,000+
Expertise: remortgages, buy-to-let mortgages, first-time buyer mortgages, moving home mortgages, new build mortgages, equity release
Parent company: N/A
CEO and key people: Peter Brodnicki (CEO), Katherine Innes Ker (non-executive chairman), Ben Thompson (deputy CEO), Lucy Tilley (CFO), Nathan Imlach (senior independent director), Mike Jones (NED), David Preece (NED)
Financing status: corporate backed or acquired
Mortgage Advice Bureau is a mortgage solutions company based in Derby that connects clients with a network of over 2,000 advisers and 1,000 lenders nationwide. The company has over £239.5 million in revenue by the end of 2023 and £377.8 million in market capitalisation as of May 2024. With over 20 years of service, the company handles more than 100,000 customers and £20 billion of loans annually.
Mortgage Advice Bureau (MAB) was co-founded in 2000 by CEO Peter Brodnicki to provide network solutions for UK estate agents. Expanding since 2009, MAB entered other mortgage sectors, creating new income streams through strategic investments and joint ventures. The company acquired Mortgage Talk in 2012.
Mortgage Advice Bureau was the first, and remains the only, mortgage intermediary to have been listed on the London Stock Exchange. It joined the Alternative Investment Market (AIM) in November 2014. MAB made a major acquisition by purchasing The Fluent Money Group in 2022 for approximately £73 million, a move that expanded its market presence.
Mortgage Advice Bureau has an array of offerings and other mortgage-related services that are catered to meet the needs of its clients. These include:
residential mortgages: tailored advice for buying a new home
buy-to-let mortgages: specialised services for property investors
remortgaging solutions: options for homeowners looking to refinance
first-time buyer mortgages: guidance and products specifically for new entrants in the property market
protection services: insurance products to protect mortgages and homes
Mortgage Advice Bureau promotes a supportive and rewarding work environment, which not only enhances employee satisfaction but also aids in attracting and retaining top talent. The company offers a range of benefits that underscore its commitment to employee welfare and engagement:
annual leave: 25 days of holiday, with increases per year of service, plus a birthday off
financial benefits: a pension scheme with up to 8% employer contributions and a matched share scheme
parental support: enhanced leave for parental and family responsibilities
health and wellness: free breakfast and fruit available at headquarters and more
employee discounts: access to a rewards portal providing various discounts and perks
Mortgage Advice Bureau addresses its ESG approach by committing to reducing environmental impact and promoting sustainable practices within the housing market and their operations. MAB shows these through the following specific initiatives:
promotion of green mortgages: encouraging energy-efficient home improvements through green mortgage offerings
renewable energy supply: switching to 100% renewable energy suppliers for their operations
energy-saving installations: implementing energy-efficient lighting and heating solutions in their offices
industry leadership events: hosting events focused on green mortgages to lead the industry towards more sustainable practices
operational sustainability: continually improving their MIDAS platform to better support green mortgage offerings
Mortgage Advice Bureau promotes gender equality in the workplace by engaging in various programs and policies. The company also addresses the gender pay gap through several targeted initiatives. These include:
leadership development: introduction of a leadership program and a 'learn to lead' academy to increase the number of women in management roles
recruitment practices: implementing gender-neutral language in job adverts and ensuring unbiased recruitment processes
executive inclusion: appointment of a female People and Culture Director to the executive board to lead diversity efforts
policy reviews: commitment to reviewing flexible working policies and pay structures to ensure fairness and transparency
Peter Brodnicki has served as the CEO of Mortgage Advice Bureau for 24 years. Prior to co-founding MAB, he was a recruitment director and head of estate agency network at Legal & General. He attended Kingston College and Ewell Castle School.
Supporting him is a team of seasoned professionals:
Katherine Innes Ker, as non-executive chairman, oversees the board and ensures best practices
Ben Thompson, the deputy CEO, focuses on operational excellence and strategic growth
Lucy Tilley, serving as CFO, manages the company’s financial strategy and health
Nathan Imlach, senior independent director, provides independent oversight and guidance
Mike Jones, as non-executive director, contributes to strategic planning at MAB
David Preece, also a non-executive director, plays a role in enhancing corporate governance
Mortgage Advice Bureau has acquired stakes in several firms in 2021, such as Evolve Financial Solutions, which specialises in new build mortgages. This strategy supports its expansion into specialised market segments.
The company also recently acquired The Fluent Money Group in 2022, a fast-growing telephone advice mortgage and specialist lending intermediary, for approximately £73 million. The purchase allowed MAB to take ownership of roughly 75% of Fluent, broadening its revenue mix and enhancing its offerings in the national lead sector.
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