Countrywide has made a “significant investment” in The Buy to Let Business led by Ying Tan.
Countrywide has made a “significant investment” in The Buy to Let Business led by Ying Tan (pictured).
Countrywide has secured a “significant stake” in the buy-to-let mortgage broker and said it wanted to capitalise on growth in the private rental sector.
The Buy to Let Business is one of the top 50 fastest growing businesses in the UK, as it turned over £5m in 2015/16 and has achieved average turnover growth of 86% in each of the past three years.
Ying Tan, managing director of The Buy to Let Business, said: “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.
“The company’s success and our passionate belief in these founding principles has ensured the company’s outstanding growth to date.
“I am convinced that Countrywide’s investment and expertise will help propel us to the next exciting level of our development.
“Our vision and culture is aligned and bringing these dynamic brands together is a mouth-watering prospect.”
The Buy to Let Business, which employs 65 people and is based inCamberley, was established in 2006 with the aim of building strong relationships with mortgage lenders and other intermediaries.
It said the funding and expertise from Countrywide will enable it to accelerate its ambitious growth plans.
Peter Curran, managing director of Countrywide Financial Services, said: “Countrywide has a clear vision of ‘bringing people and property together’, so a focus on providing an exceptional customer experience is central to our values.
“Our investment in The Buy to Let Business represents a great strategic and cultural fit and will also enable our private rental and financial service 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.”
