Countrywide and MAB launch Capital Private Finance
Capital Private Finance will concentrate on providing Countrywide’s premium brands such as Hamptons International, John D Wood & Co., Faron Sutaria and UK Sotheby’s International Realty with a dedicated and specialist high-end financial service. The aim is to ensure that all these premium brands have a dedicated broker service to meet all mortgage financing protection and insurance needs.
The new service will employ dedicated advisers who will provide specialist advice for high net worth clients on all financial matters including new property purchases, remortgages, buy-to-let, commercial, international, agricultural, new build, renovation and development. In addition, Capital Private Finance will provide advice on general and commercial insurance.
Nigel Stockton, financial services director at Countrywide said, “This is an incredibly exciting proposition for us, giving us the ability to provide our high net worth clients with exceptional independent financial advice.
“This agreement forms a key part of Countrywide’s strategic plan to enhance our financial service offering and cater for high net worth individuals seeking independent financial guidance. It supports our overarching plans to capitalise on the opportunities in the specialised high-end property sector, through the largest network of prime residential agents, which include Hamptons International, John D Wood & Co., Faron Sutaria and UK Sotheby’s International Realty.”
Stockton added: “For the most part, we feel the private finance market has been under capitalised and we will be looking to attract the best private finance consultants in the industry to this exciting venture, which will be supported by our current partners and the world’s leading private banks.
“We are delighted to be partnering with a company of the calibre of Mortgage Advice Bureau, which have built a first class reputation in the provision of financial services to the independent estate agency sector.”
Peter Brodnicki, chief executive, Mortgage Advice Bureau commented, “Mortgage Advice Bureau’s ongoing aim is to find new opportunities to grow and lead in the market in which we operate. This agreement with Countrywide and subsequent launch of Capital Private Finance enables us to do exactly that, and provides a fantastic opportunity for all involved.”
Commenting, Coreco’s Andrew Montlake said: “We welcome the additional competition in this arena and look forward to locking horns. This move shows not only the importance of independent advice in the London area but also that as conditions continue to improve we will all be able to benefit from a growing share of the market. We wish them all the best.”