Countrywide and Mortgage Advice Bureau have set up a high-net-worth mortgage advice firm called Capital Private Finance.
It will offer advice on purchases, remortgages, buy to let, commercial, international, agricultural, newbuild, renovation and development and provide advice on general and commercial insurance.
Countrywide financial services director Nigel Stockton says: “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. 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.”
Mortgage Advice Bureau chief executive Peter Brodnicki says: “Our 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.”