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Countrywide interested in B&B assets

Countrywide is the latest estate agency to declare an interest in buying Bradford & Bingley&#39s estate agency and surveying divisions which are being disposed of by the group because they are not core to the business.

Mortgage Strategy exclusively revealed on May 17 that B&B&#39s estate agency was to be sold off days before the group put that division, Charcol, its mid-to-high net worth IFA businesses, its property services business and its surveyor, SecureMove on the market.

The following week Mortgage Strategy revealed Spicerhaart was planning to bid for the estate agency and SecureMove and speculated that Countrywide could also be interested, something it has now confirmed.

Countrywide managing director Harry Hill says: “If the estate agency is the right price we would be interested in it but we do not know how much B&B is looking for as Goldman Sachs has not told interested parties. We may also look at the surveying business but not Charcol – IFAs are not our area of expertise.”

But Skipton, which sources claimed might be interested in acquiring some of the B&B assets has ruled itself out of the running referring to its purchase of estate agency chain Sequence and its integration with Connells.


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