View more on these topics

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

Curran_Peter_Countrywide_2015

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.”

Recommended

Mark-Carney-close-up-focused-700.jpg
4

Mark Carney: BoE could cut interest rates

Bank of England governor Mark Carney says the central bank might cut interest rates to zero but will not drag rates into negative territory. Speaking to the Treasury committee today, Carney said if the economy needed additional stimulus there were many things the bank could do, including cutting interest rates to zero, from the current 0.5 per […]

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 […]

Curran_Peter_Countrywide_2015

Peter Curran: Will the headwinds blow the market off course in 2016?

Will the tailwinds outdo the headwinds in 2016? As we kick off a new year, it is slightly unusual to consider that the UK mortgage market is probably facing into several headwinds. I will cover this later in my article, but what I should state now is optimism reigns supreme and, of course all the […]

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 […]

A guide to auction finance in 2017

By Matt Tooth, chief commercial officer, LendInvest Over the coming weeks, property auction houses across the country will begin sending out their catalogues to prospective buyers in time for the first auction series of 2017. It’s an exciting time for investors, well aware of the opportunities the properties on the lot sheets offer them and […]