Countrywide buys stake in The Buy to Let Business

Countrywide’s investment of an undisclosed sum in the Camberley-based business headed up by Ying Tan will provide The Buy to Let Business with access to further resources and expertise to help speed up growth plans.

Peter Curran, managing director of Countrywide Financial Services (pictured), said the investment would enable its private rental and financial services businesses to create “a market-leading proposition for landlords.”

“It is also a clear statement of our belief in the sectors’ importance and longevity. The impressive growth that ‘The Buy to Let Business’ has achieved since formation is a testament to the quality of the business, the exceptional customer service from its people and the vision of Ying as managing director. We very much look forward to welcoming them into our group,” he added.

The Buy to Let Business reported a turnover of £5m for 2015/16 and has seen average turnover growth of 86% every year for the last three years, putting it among the 50 fastest growing businesses in the UK.

Ying Tan, founding managing director of The Buy to Let Business, added: “The Buy to Let Business was built on a strong belief that the market needed a company that provided property investors with an unprecedented level of customer service. I am convinced that Countrywide’s investment and expertise will help propel us to the next exciting level of our development.”