View more on these topics

Countrywide buys specialist development broker

Business-Handshake-Finance-Deal-700.jpg

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.”

Recommended

Curran_Peter_Countrywide_2015

Countrywide makes ‘significant investment’ in The Buy to Let Business

Property services group Countrywide has made a “significant investment” in The Buy to Let Business, both parties have confirmed. The deal sees Countrywide given a “significant” stake in the Camberley-based buy-to-let brokerage, although neither party has disclosed how much. TBLB, which launched in 2006, employs 65 people and registered a turnover of £5m in the […]

1

Royal Mail boss to replace Grenville Turner at Countrywide

Countrywide non-executive chairman Grenville Turner will retire at the company’s annual general meeting in April. The firm will replace him with Royal Mail chairman Peter Long, who has joined initially as a non-executive director and will take over Turner’s role on 27 April. Long recently stepped down as joint chief executive of TUI AG. Prior […]

1

Countrywide hires corporate relationship director

Countrywide has appointed Scott Burman as corporate relationship director. Burman joined the new firm yesterday from Lloyds Banking Group, where he was national housing development manager. He will join Sally Young as one of two corporate relationship directors in Countrywide’s corporate business team. Burman says: “I am delighted to be joining Countrywide at the start of […]

House-Keys-Mortgage-Estate-Agent-700.jpg

Countrywide increases mortgage business by 10%

Countrywide has reported a 10 per cent year-on-year increase in the number of mortgages it arranged in the third quarter. Its Q3 results, published today, show it arranged 20,572 loans in the third quarter, compared with about 18,700 in Q3 2014. In the first nine months of the year it arranged 53,730 loans, which is […]

Newsletter

News and expert analysis straight to your inbox

Sign up