StockMarketWire.com - Mortgage Advice Bureau said its adviser numbers had grown by 5% in the year to date, though housing transactions were taking longer to complete due to market uncertainty.

Adviser numbers through to 17 May now numbered 1,272, chairman Katherine Innes Ker said in speech notes for the group's AGK.

'We continue to have good visibility that supports our anticipated growth in adviser numbers from new appointed representatives,' Innes Ker said.

'Although some of our existing ARs with direct links to the estate agency sector continue to pause their expansion plans and delay filling vacancies as a result of reduced confidence amid political uncertainty resulting in a somewhat subdued housing market, the majority of our ARs continue to hold strong growth plans for 2019 and 2020.'

'However, against the backdrop of continuing uncertainty we have seen housing transactions taking longer to complete in this financial year to date, impacting the timing of our banked revenue.'

'Despite a market that continues to face the twin challenges of political and economic uncertainty, we believe MAB is ideally positioned to continue increasing its market share, and to focus on wider group success and profitability through new opportunities and broadening our addressable market.'


At 9:32am: (LON:MAB1) Mortgage Advice Bureau Holdings Plc share price was -32p at 580p



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