TPFG helps generate 12,800 mortgages in first half of 2025

Estate agent network The Property Franchise Group (TPFG), the UK’s largest multi-brand property franchisor, has reported a record first half of trading with its financial services division playing a central role in the performance.

Between January and June this year, TPFG’s network helped deliver 12,800 mortgages -up from 12,000 in the same period of 2024.

Mortgage-related revenue increased 59% year-on-year to £12.2m, underlining the group’s growing presence in intermediary distribution.

MORTGAGE ADVICE BUREAU

TPFG includes Brook Financial Services, which operates as the largest appointed representative of the Mortgage Advice Bureau (MAB). That gives TPFG-wide coverage via some 300 advisers embedded across its estate agency and lettings brands.

The group’s breadth and integration mean that mortgage leads flow naturally from its 1,900+ branch footprint.

TPFG combines multiple estate agency and lettings brands and has been steadily expanding its financial services reach since its acquisition of Belvoir and GPEA.

Its brokers are now embedded across the group’s 1,000-plus offices, providing a pipeline of property-related mortgage business that continues to grow despite a subdued housing market.

COMPETITIVE ADVANTAGE

Gareth Samples (main picture, inset), chief executive, told the City yesterday that the group’s scale was now giving it a competitive advantage.

He added: “This has been another record six months for the Group, driven by the successful integration of recent acquisitions and the enduring strength of our franchise model.

“Our increased scale and reach provides multiple growth levers: further expanding our three divisions, launching market-leading initiatives such as the Privilege programme, and advancing our AI and technology opportunities.”

Overall, TPFG reported a 50% rise in group revenue to £40.3m, with adjusted profit before tax up 59% to £14.5m.

With the sales agreed pipeline up to £43.5m and the interim dividend raised 17% to 7p per share, the group said it is entering the second half with confidence and expects to deliver full-year trading in line with expectations.