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Mortgage Advice Bureau cuts 2026 profit forecast as UK housing market recovery stalls

Market News
09 Sep 2026
Proactive Investors - Finance
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Bearish
Mortgage Advice Bureau cuts 2026 profit forecast as UK housing market recovery stalls

Mortgage Advice Bureau (MAB) lowered its profit forecast for 2026 to about £38 million from the expected £43.4 million due to a weaker-than-expected UK housing market recovery and delayed growth in its lead generation business, Fluent. UK home purchase transactions dropped 3% in early 2026, and mortgage approvals fell 15% year-on-year in July. Despite the downgrade, MAB still expects a 5% profit increase over 2025 and is focusing on automation and upcoming fixed-rate mortgage maturities as growth opportunities. Broker Peel Hunt maintained a 'buy' rating but reduced the price target to 1,000p from 1,250p.

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