The Mortgage Advice Bureau, which operates predominantly from estate agents’ offices, has posted a record pre-tax profit of £5.1m.

This figure, for 2013, is a 120% rise on 2012’s profit of £2.3m.

The firm said the pick-up in the wider mortgage market helped to boost MAB’s second half-year performance, with the first six months of the current year on track to “significantly” outperform the same period in 2013.

The latest results mark the fifth successive year where MAB’s annual profit growth has exceeded 40%.

Adviser numbers grew to over 550 by the end of 2013, with numbers still growing.