Countrywide on hunt for high net worth brokerage

Rumours are rife that Countrywide is in the market for a high net worth broker as it prepares to expand further into the sector.

Savills Private Finance has been rumoured as a target but the firm says no talks are under way.

Countrywide is believed to have made a bid for a high net worth broker last year that was rejected.

Last June Countrywide bought Hamptons International and in July it snapped up the Letmore Group.

It also bought Sotheby’s International Realty franchise in the UK early last year. Mortgage Strategy also revealed last November that it had a bid for Personal Touch Financial Services turned down in 2010.

A Countrywide spokeswoman says it does not comment on speculation.