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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.


Affordability now highest for 10 years

Mortgage affordability has hit its best level for 10 years, says Barclays. In an analysis of more than one million customers’ accounts, it found that on average, people spent 15.4% of their take-home pay at the end of December 2010 to cover their monthly mortgage payment, the lowest level in 10 years. Andy Gray, head […]

John Murray

Mortgages and the art of illusion

For all the money the government has spent on quantitative easing and all the money savers have lost due to the low base rate, the only thing we seem to have gained is time, with inflation as a by-product. Any other achievement in the mortgage industry is an illusion


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