mortgage advice bureau holdings plc said tuesday that revenue increased 22 in 2022 and that adjusted pretax profit is expected to be in line with expectations the company said in an update that revenue for the year should come in around 230 million pounds 2841 million despite the negative impact of septembers shortlived uk government mini budget on the mortgage market organic revenue growth is seen at 10 with the acquisition of the fluent money group in july adding gbp22 million of revenue the fourth quarter saw significantly reduced house purchase and refinancing activity as a result of a leap in mortgage interest rates the withdrawal of many mortgage products and a rapid tightening in lenders underwriting criteria mortgage rates stabilized and improved a little toward the year end following government action it said the company said that although house purchase transactions will be lower this year overall a secondhalf weighted recovery is expected chief executive peter brodnicki said the company sees a very strong year ahead for refinancing and a slow but steady improvement in consumer confidence and housing transaction levels