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Ex-IFA launches charity for homeless

Chartered financial planner Carl Good left the financial services industry in 2011 after a 21-year career as an adviser, and after selling his client bank started his own charity in the summer of 2012, named Lifeline Harrogate.

Lifeline Harrogate, in association with national Christian charity Green Pastures, was subsequently able to buy its first three-bedroom house in February 2013, and bought its second in December, “housing six men who would otherwise be stuck in a hostel”, said Mr Good.

The 49-year-old added: “I left a career as an IFA because I wanted to help people.

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“These men would likely be unable to move out of the hostel, because of the enormous difficulties there are for marginalised people accessing the private rented sector. Lifeline can give people the dignity of their own address in a safe neighbourhood.”

Mr Good said he was able to put his skills as a chartered financial planner to good use with the tenants, adding: “There are many transferrable skills from my previous career, and I’m able to talk to them about budgeting and financial management, which should help them adapt.”

He now works for three days a week for his own charity, and for the remaining two days for Green Pastures, which has 35 other housing projects across the UK, and partially funds them through its own property loan stock.

Mr Good said: “Homelessness is no longer about the stereotype people have of the alcoholic tramp in the shop doorway. It affects people in all areas of society. Our service and the funding raised through loan stocks can help us house people and offer an additional support network to them.”

Background

Green Pastures’ stock offers an unregulated socially responsible investment with a 5 per cent return and redemption of capital over a term of between one and 30 years. Green Pastures is receiving inflows of approximately £250,000 a month into the product.