Mortgage Advice Bureau (Holdings) plc (LSE:MAB1) has lowered its full-year 2026 adjusted profit before tax guidance to approximately £38 million, below current market consensus, citing softer housing market conditions and delays in lead flows at its Fluent subsidiary.
The group also marginally increased its estimate for first-half adjusted profit before tax to approximately £14.8 million.
Mortgage Advice Bureau now expects full-year profit growth of around 5% compared with 2025. Management said refinancing activity and operational efficiencies from centralisation and automation are expected to contribute to the year’s performance.
The company said it does not expect a meaningful recovery in mortgage purchase activity in the near term, reflecting conditions in the UK housing market.
At Fluent, delays affecting expected lead flows have resulted in the anticipated increase in profit contribution being deferred. Mortgage Advice Bureau now expects the associated profit uplift to occur in 2027 rather than 2026.
More about Mortgage Advice Bureau (Holdings)
Mortgage Advice Bureau (Holdings) plc is a UK property finance intermediary providing mortgage, specialist lending, protection and general insurance advice through a network of partner firms.
The group has a network of more than 2,100 advisers and provides its Appointed Representative firms with services including recruitment, lead generation, training, compliance support and digital marketing.
Mortgage Advice Bureau also operates proprietary technology and digital services connecting customers, advisers, lenders and insurers across the mortgage and homeownership market.
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