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John Charcol launches into second charge market
John Charcol has acquired the award-winning brokerage Simply Finance Group to strengthen its mortgage advisory business.
The acquisition also sees John Charcol add a new secured loan capacity with Simply Loans meeting a growing demand for second charge loans.
Last year, Southampton-based Simply Finance helped over 1,300 customers with their mortgage needs, and its 30 plus advisers have a good reputation within the industry.
Simon Knight, CEO of John Charcol, will join the Simply Finance board along with Managing Director Walter Avrili, while the founding directors of Simply Finance, Peter Williams and Ben Larkin will join the senior management team at John Charcol.
“The acquisition of Simply Finance is a key part of our growth strategy, giving us immediate increased capacity, an extension to our customer proposition and capabilities that complement our existing areas of strength,” said Simon.
“Both Peter and Ben are entrepreneurs who have successfully built a hugely impressive business supported by a great team of people, with lots of potential to continue to grow.”
Peter added: “John Charcol is a natural partner for us as we enter our next phase of growth.
“It is a growth-orientated business with a clear strategy led by an exceptional management team.
“This is a great deal for our staff and customers enabling us to invest further in areas of the business where we can offer a winning mortgage proposition.”
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