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 past 12 months.
Countrywide Financial Services managing director Peter Curran says: “Our investment in The Buy to Let Business represents a great strategic and cultural fit and will also enable our private rental and financial service businesses to create a market-leading proposition for landlords. It is also a clear statement of our belief in the sectors’ importance and longevity.
“The impressive growth that The Buy to Let Business has achieved since formation is a testament to the quality of the business, the exceptional customer service from its people and the vision of Ying as managing director. We very much look forward to welcoming them into our group.”
Tan says: “The Buy to Let Business was built on a strong belief that the market needed a company that provided property investors with an unprecedented level of customer service. The company’s success and our passionate belief in these founding principles has ensured the company’s outstanding growth to date.
“I am convinced that Countrywide’s investment and expertise will help propel us to the next exciting level of our development. Our vision and culture is aligned and bringing these dynamic brands together is a mouth-watering prospect.”