In a trading update, MAB said this was due to property transactions being brought ahead prior to stamp duty changes coming into effect on 1 April.
The update added that the market share of new mortgage lending grew to 8.3% in the five months to 31 May, which compares to 8.1% in the same period last year.
The number of mainstream advisers as of 30 June has risen by 5% on the prior year to 2,041.
The average revenue per mainstream adviser for the first half increased by 14% to £74,000.
Group revenue for the first six months of the year has gone up by 19% to £147m, while the board expected adjusted profit before tax to come to £14m, a rise of 14% on last year.
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MAB said it was seeing “continued indications of a gradual recovery in underlying purchase activity”, which is backed by improving affordability and an increased supply of new properties coming to the market.
“Looking ahead, refinancing is expected to accelerate in the second half of 2025 and into 2026, as a substantial volume of five-year fixed mortgages from the post-pandemic boom and two-year fixed deals taken out following the 2022 mini Budget approach maturity,” the update said.
MAB added that it welcomed the Financial Conduct Authority’s (FCA’s) initiatives “to promote responsible lending” through fairer affordability testing, lower deposit requirements and simplified existing mortgage rules.
It said these initiatives should allow more renters to get onto the property ladder and would make refinancing more accessible and straightforward.
Peter Brodnicki (pictured), founder and CEO of MAB, commented: “I am pleased to report a strong performance in the first half of 2025, with the mortgage market showing signs of a sustainable recovery. Adviser productivity is continuing to increase, and strong momentum is building in adviser growth.
“It is encouraging to see the government so focused on housebuilding and homeownership initiatives, and we are already seeing an immediate and positive response from the financial regulators, providing a supportive backdrop for the housing and mortgage market.”
