It will provide Countrywide’s premium brands, including Hamptons International, John D Wood & Co., Faron Sutaria and UK Sotheby’s International Realty, with a dedicated and specialist broker service for high-net-worth clients on all financial matters.
This will include new property purchases, remortgages, buy to let, commercial, international, agricultural, new build, renovation and development.
In addition, Capital Private Finance will advise on general and commercial insurance.
Nigel Stockton, financial services director at Countrywide (pictured), 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.”
Stockton added: “For the most part, we feel the private finance market has been under-capitalised. We will look 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.”
Peter Brodnicki, chief executive at Mortgage Advice Bureau, said: “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.”
Andrew Montlake, communications director at Coreco, said: “We welcome the additional competition in this arena and look forward to locking horns.”
He added the 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,” he said.
