Monday 11 April 2016

Countrywide plc acquires Mortgage Bureau

Countrywide plc, the UK’s largest property services and estate agency group, has further enhanced its focus on the residential development mortgage market by acquiring Mortgage Bureau.

With a team of 50 professional consultants and with access to a broad spectrum of the UK’s mortgage market, Mortgage Bureau works alongside national housebuilders as well as a wide range of respected estate agents. The company offers advice on mortgage and related insurance needs, primarily in the land and new homes sector.

Led by directors Mark Clouston and Jamie Barnett, the company has a strong presence with developers across the Midlands and North of England, and is able to deliver personal, local advice which has enabled it to build an enviable reputation in the market. Their strong focus on excellent customer service has led to average revenue growth of 35% in each of the last four years. The company is an appointed representative of Mortgage Advice Bureau and generated £0.9bn of mortgage lending in 2015.   

Mark and Jamie, along with their team of dedicated professionals, will continue in their current roles and further develop Mortgage Bureau. However they will benefit from the opportunities, scale and resource available from being part of the Countrywide group.

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.”