Countrywide buys specialist development broker


Countrywide has bought residential development specialist broker Mortgage Bureau.

The firm, which has 50 consultants, works alongside national house builders and estate agents and offers advice on mortgages and insurance, primarily in the land and new homes sector.

The company is an appointed representative of Mortgage Advice Bureau and generated £0.9bn of mortgage lending in 2015.

Directors Mark Clouston and Jamie Barnett will continue in their roles post-acquisition.

Clouston says: “Mortgage Bureau has been growing strongly over the past few years and in order to take our business to the next level we needed the support of a larger organisation with wider geographical spread, extended resource and deep industry knowledge.

“Countrywide was the obvious choice as it shares our passion for exceptional client service and putting the customer at the centre of all it does. The whole team are really excited about embarking on the next stage of the company’s development.”

Countrywide managing director of financial services Peter Curran says: “Countrywide has a clear vision of ‘bringing people and property together’, so a focus on providing an exceptional customer experience is central to our values. Mortgage Bureau is not only a great strategic and cultural fit in this sense, but also has established relationships with some of the biggest names in housebuilding and the wider property market.

“The impressive growth that the company has achieved over the past four years is a clear illustration of the quality of the business and the exceptional customer service that its people provide, and we very much look forward to welcoming them into our group.”