Mortgage Advice Bureau (MAB) has reported pre-tax profits of £1.9m for 2011, up more than 50% on the previous year's total of £1.25m.
This beat its previous pre-tax profits record set in 2007 of £1.4m by over 35%, after seeing mortgage applications grow by more than 30% during 2011 and achieving record protection and GI sales.
Peter Brodnicki, chief executive officer of MAB, said: “We are delighted with our 2011 results, especially considering that we have invested more heavily than ever in our appointed representative proposition, which has been attracting some very high quality firms.
“The sharp increase in sales and profitability of the last few years is set to continue, with 2012 expected to be another very strong year.”
