Mortgage Bureau consists of a team of 50 professional consultants, which work closely with national housebuilders and a wide range of estate agents, across the Midlands and North of England.
The firm, which is an appointed representative of Mortgage Advice Bureau (MAB), has achieved average revenue growth of 35% annually for the last four years and £0.9bn in mortgage lending last year.
It will maintain its membership with MAB for the foreseeable future, a spokesman at Countrywide said.
Last month, Countrywide purchased Mortgage Advice Bureau’s 49% remaining stake in Capital Private Finance following a five-year joint venture agreement, making it the sole owner of the high-end mortgage advice firm.
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.”
Peter Curran, managing director of Countrywide Financial Services (pictured), added: “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, Mortgage Advice Bureau, said: “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 seven years, and we look forward to continuing our strong relationship with Countrywide which has been established over the last five years with our joint venture company Capital Private Finance.”
