Towergate HNW focus saves John Charcol from collapse

Peter Cullum chairman CCV Ventures

Towergate has snapped up troubled mortgage advisory business John Charcol from administration in a bid to boost its high-net-worth (HNW) and small to medium-sized enterprise (SME) proposition.

Towergate has snapped up troubled mortgage advisory business John Charcol from administration in a bid to boost its high-net-worth (HNW) and small to medium-sized enterprise (SME) proposition.

Towergate Partnership chairman, Peter Cullum, described the business as a "perfect fit".

"To have the leading HNW mortgage broker in the group gives us a huge opportunity to provide mortgages to our HNW customers and SME owners," he said.

Under the terms of the deal, all John Charcol staff and directors

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