Jason Del VicarioMortgage Advice BureauMAB1.LTOP PICKNov 13, 2026

Leading mortgage intermediary in the UK. Approximately 8% of all new UK mortgages run through its network. (In Canada, we'd call it a mortgage broker. The "Dominion Lending" of the UK.) In the UK, ~90% of all mortgages go through an intermediary (vs. Canada at 40-50%). 

Housing market is struggling. Shares are down a lot. But mortgages always need to be in place and need to renew, regardless of housing activity. Trades ~9x PE. Sees forward rate of return to be very strong. (Price target in pounds.) Yield is 5.91%.