Countrywide acquires mortgage advice firm

Countrywide is enhancing its focus on the residential development mortgage market with the acqusition of Mortgage Bureau.

Related topics:  Mortgages
Rozi Jones
11th April 2016
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Mortgage Bureau has a team of 50 professional consultants and offers advice on mortgage and related insurance needs, primarily in the land and new homes sector.

The company is an appointed representative of Mortgage Advice Bureau and generated £0.9bn of mortgage lending in 2015.   

Mark Clouston, Director of Mortgage Bureau said:

"Mortgage Bureau has been growing strongly over the past few years and in order to take our business to the next level we needed the support of a larger organisation with wider geographical spread, extended resource and deep industry knowledge. Countrywide was the obvious choice as it shares our passion for exceptional client service and putting the customer at the centre of all it does. The whole team are really excited about embarking on the next stage of the company’s development."

Peter Curran, Managing Director of Countrywide Financial Services, said:

"Countrywide has a clear vision of ‘bringing people and property together’, so a focus on providing an exceptional customer experience is central to our values. Mortgage Bureau is not only a great strategic and cultural fit in this sense, but also has established relationships with some of the biggest names in housebuilding and the wider property market. The impressive growth that the company has achieved over the past four years is a clear illustration of the quality of the business and the exceptional customer service that its people provide, and we very much look forward to welcoming them into our group."

Peter Brodnicki, CEO of Mortgage Advice Bureau, commented:

"Mark Clouston and Jamie Barnett have worked hard to build their business, and we have been delighted to use our expertise in new build to support that growth.

"Countrywide acquiring the business is great news, and means access to even more opportunities, allowing the business to continue its strong performance.  

"I am delighted that Mortgage Bureau are remaining an Appointed Representative of MAB for the next 7 years, and we look forward to continuing our strong relationship with Countrywide which has been established over the last 5 years with our joint venture company Capital Private Finance."

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