John Charcol set for more advisers and product diversity

John Charcol set for more advisers and product diversity


Todays other news
In the past four years 50% of buyers have been...
The number of first time buyers is up 19% in...
Almost a fifth of sales now encounter gazundering, a firm...
Details are coming soon - but no real details yet...
Currently the deadline is April 1...


John Charcol’s` new owners say they will grow the adviser base and diversify and develop the product offering of the high-profile mortgage broker.

The pledge comes from Simon Embley, chief executive of Pivotal Growth, which snapped up John Charcol earlier this month for an undisclosed sum.

Established in 1974, John Charcol calls itself “the original independent mortgage broker” and has some 2150 mortgage and protection advisers. The firm was acquired by Palatine Private Equity in 2015 and then in 2019 John Charcol appointed Waypoint Change to restructure and re-vision the company.

Pivotal Growth is just three years old, a joint venture between LSL Property Services and private equity investors Pollen Street ‘buy and build’ a leading national mortgage broker. LSL has shed much of its estate agency network to individual franchisees while Pivotal Growth has made 11 acquisitions since it was formed.

It’s estimated that the John Charcol acquisition will lift Pivotal’s annual revenue to circa £63m with more than 410 advisers and 615 staff.

Pivotal Growth CEO Embley comments: “John Charcol needs no introduction to any market participant, having historically been recognised as one of the most prestigious mortgage brokers in the UK. Palatine and Waypoint have done an excellent job in transforming the business and in ensuring its profits have grown.

“Through further investment, our plan is to grow the adviser base and diversify and develop the product offering, which we see as a significant area for growth.”

Chris Wallis, chief executive of John Charcol, adds: “I look forward to working with Simon and the Pivotal Growth team to build on the growth we have seen in recent times.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Introducer Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
In the past four years 50% of buyers have been...
The number of first time buyers is up 19% in...
Details are coming soon - but no real details yet...
The mortgage applications have risen most from first time buyers...
A prominent agency expects anxious buyers to keep searching...
Lenders are being accused of refusing to lend against properties...
Recommended for you
Latest Features
In the past four years 50% of buyers have been...
The number of first time buyers is up 19% in...
Almost a fifth of sales now encounter gazundering, a firm...
Sponsored Content
Historically second charge mortgages or secured loans as they are...
Lenders must say what they mean and mean what they...
Fraudsters attacking the conveyancing sector, successfully stealing large sums of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here