Derby firm set to expand Down Under

Derby-based Mortgage Advice Bureau (MAB) has announced its plans to launch its first office in Australia.

A joint venture with leading Australian broker Mortgageport will form a new mortgage broking entity that will start trading this month as Mortgage Advice Bureau.

The Mortgage Advice Bureau operation in Australia will offer independent mortgage advice, with protection at the core of its proposition, as it is with the UK business model.

The venture will also see Mortgage Advice Bureau partner with Purplebricks in Australia as it has done in the UK. Purplebricks is a British online estate agent, founded in 2014.

Peter Brodnicki, Mortgage Advice Bureau chief executive, said: “This is yet another memorable milestone for MAB, albeit some 11,000 miles away! Both MAB and Purplebricks carried out extensive research before entering this market, and we both saw a big opportunity to bring a very new and customer focused proposition to the Australian market.

“As with the UK, our model in Australia is all about the customer experience, and providing consumers with the choice of how they receive information, advice and transact.”