Mortgage News
Kent Reliance appoints Countrywide as part of growth strategy
Countrywide Surveying Services has been appointed as sole valuation panel manager of Kent Reliance Building Society.
Kent Reliance said that the move was part of its preparations for growing the business in 2011, when the mutual will transfer its business to a bank following a £50m investment from private equity firm JC Flowers.
Countrywide will now exclusively manage all valuations for Kent Reliance after working with the mutual since 2005 providing valuation support services.
Adrian Scott, head of lending at Kent Reliance, said: “Kent Reliance is pleased to confirm the appointment of Countrywide as valuation panel manager as part of our preparations for 2011. Their experience and expertise will be important to us as we look for opportunities to grow our business next year.”
Chris Shaw, chief surveyor at Countrywide, said: “This news underlines our commitment to helping lenders that have previously managed this process in-house and are now looking to move their valuation process to an experienced supplier.
“We are keen to build on our existing relationship with Kent Reliance and to demonstrate the value we offer.”
Why new-build property investment is appealing to a new generation of landlords
Sponsored by BM Solutions