The Property Franchise Group’s mortgage advisers arranged £2.7bn of lending during the first half of 2026, up 17% from £2.3bn a year earlier.
Mortgage volumes also increased, with its Financial Services division arranging 13,400 mortgages compared with 12,800 in H1 2025, an increase of almost 5%.
Announcing interim results to the City this morning the estate agency network, which includes brands such as Belvoir, Whitegates, Hunters and Fine & Country, said financial services revenue climbed 10% to £13m from £11.8m as TPFG continued to expand its mortgage and protection operation, including through the acquisition of Smart Advice Financial Solutions (SAFS) in January.
TPFG’s advisers operate through both the Mortgage Advice Bureau and Primis mortgage networks, with the division earning commission from the arrangement of mortgage and protection products.
UNDERLYING REVENUE UP 6%
On a like-for-like basis, financial services revenue fell 3%, principally because of the managed departure of three business-partner hubs at the end of 2025.
However, TPFG said that excluding revenue generated by those hubs from the previous year’s figures, underlying trading across Financial Services increased 6%.
Adviser numbers stood at 290 at the end of June, compared with 293 a year earlier, reflecting the departure of the three hubs alongside the addition of SAFS.
The Group said SAFS had been successfully integrated and was performing in line with expectations.
TPFG is also seeking to increase the proportion of financial services revenue generated through employed and self-employed advisers, giving the business what it described as a “closer economic relationship” with its adviser base.
AI TARGETS LEAD PROGRESSION
Technology is becoming another focus for the mortgage operation.
TPFG launched its first commercial AI-enabled products during the half, including technology designed to improve financial services lead progression and adviser productivity.
Fourteen franchisees have so far adopted the new technology, with TPFG planning to increase adoption across its wider network during the second half.
The Group believes its extensive estate agency network also provides an opportunity to generate additional financial services business by improving the conversion of leads into mortgage and protection customers.
FIXED-RATE MATURITIES
Looking ahead, TPFG expects the continuing expiry of 2- and 5-year fixed-rate mortgages taken out when rates were lower to support remortgage activity during the remainder of 2026.
It currently expects mortgage rates to remain broadly stable for the rest of the year.
Gareth Samples (main picture, inset), TPFG CEO, said: “We have continued to broaden the platform, acquiring SAFS, investing in Meridian and launching our first AI-enabled products. Each extends our reach across the property transaction lifecycle and, together with our strong cash generation and the resilience of our business model, supports the 10% increase in the interim dividend.”
Across the wider Group, revenue increased 7% to £43.3m while adjusted profit before tax rose 7% to £15.5m. TPFG said full-year trading remained in line with market expectations.
