Mortgage Advice Bureau(Holdings)PLC Post referendum outcome comment (3727C)
27 Juin 2016 - 2:27PM
UK Regulatory
TIDMMAB1
RNS Number : 3727C
Mortgage Advice Bureau(Holdings)PLC
27 June 2016
27 June 2016
Mortgage Advice Bureau (Holdings) plc
Post referendum outcome comment
Mortgage Advice Bureau (Holdings) plc ("MAB" or "the Group"),
one of the UK's leading consumer intermediary brands and specialist
Appointed Representative Networks, makes the following commentary
post the outcome of the referendum held on 23 June 2016 and noting
the drop in its share price since.
It is still very early days following the outcome of last week's
referendum, however MAB has already received an unprecedented
number of remortgaging enquiries from customers on its website. MAB
expects the reduction in house purchase transactions that was
experienced ahead of the referendum to continue until the effects
of the outcome on the wider UK economy become clearer. In the
meantime, MAB's Advisers will continue to maximise the
opportunities arising from their mortgage and protection leads.
There has been much press commentary regarding the potential
outcome of the referendum on the London property market. Following
completion of the sale of MAB's 49% stake in Capital Private
Finance Limited expected in early H2 2016, MAB's exposure to the
London market will reduce to c.6%.
MAB will publish its pre-close trading update on Thursday 28(th)
July 2016.
Enquiries:
Mortgage Advice Bureau (Holdings) plc +44 (0)1332 525007
Peter Brodnicki, Chief Executive Officer
David Preece, Chief Operating Officer
Lucy Tilley, Finance Director
Zeus Capital +44 (0)20 3829 5000
Martin Green
Nicholas How
Pippa Underwood
Canaccord Genuity +44 (0)20 7523 8350
Roger Lambert
Kit Stephenson
Richard Andrews
Media Enquiries:
investorrelations@mab.org.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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