The company, now Newton Fallowell, has 14 branches across six counties, and the merger will add further value to the MAB network through increased mortgage business. MAB now has over 250 outlets across the UK.
Newton Fallowell’s Managing Director Mark Newton commented: “We have been working with MAB since 1999 and they have proved to be a valuable resource. MAB is a market leader and has used their expert knowledge to push us in the right direction. We feel that MAB provides the excellent service we need to support our customers, and we look forward to introducing more advisers to our expanded chain so that all our branches can enjoy their specialist knowledge. MAB provided invaluable support when we faced the challenges of mortgage regulation, and I believe they will continue to add value to our business in the future.
“With the addition of the new branches through the merger, we will seek to appoint another four MAB advisers, with the potential to double mortgage business in the medium term. While business volumes are currently down as the market slows and estate agents and brokers adjust to the new landscape after Mortgage Day, the MAB team has been instrumental in driving business forward. MAB is a superior network to work with, and I am sure the branches added through the merger will benefit through this partnership.”
Peter Brodnicki, CEO of Mortgage Advice Bureau, commented: “We are delighted at the merger and believe that Newton Fallowell will prove an asset to the MAB network. MAB will work closely with the new branches to ensure they have the advantage of our knowledge and support, and we look forward to building on the strong relationship we already have with Mark Newton. We have successfully adjusted post-regulation and will now look to expand our branch network in the latter half of the year.”
