ResidentialMay 13 2019

John Charcol partners with self-employed association

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John Charcol partners with self-employed association

Advice firm John Charcol has partnered with the Association of Independent Professionals and the Self-Employed, to give advice to its 74,000 members.

Under the agreement John Charcol will help Ipse's self-employed members — who typically struggle to get a mortgage — get access to good mortgage deals.

Some self-employed and freelance workers find it harder to borrow from high street lenders as they do not pass affordability assessments without a regular, standard income.

This is a problem for about a sixth of the population as according to figures from the ONS, self-employed people make up 15.1 per cent of the UK’s labour force, a total of 4.8m people, and the number of women opting for self-employment is continually rising.

John Charcol said it had a long history of supporting under-served clients and that this was the first in a series of announcements about the growth plans for its London office.

Last month it emerged that a trio of management staff — the firm's chief executive, chairman and chief financial officer — were set to leave the company.

Luke Somerset (pictured), chief commercial officer at John Charcol, said: "John Charcol has a rich history of supporting borrowers with complex mortgage requirements. 

"Whilst lending policy for contractors has improved considerably over the past decade, many independents with complex income arrangements or multiple end clients remain relatively underserved by mortgage providers in many regards and can often find it more difficult to obtain lending."

Chris Bryce, chief executive of Ipse, said: "Ipse is delighted to be partnering with John Charcol to provide our members with an excellent deal when looking for a mortgage. 

"Freelancers and the self-employed can often struggle with getting a mortgage, so the service John Charcol is offering will be a vital aid to our members."

Commenting on the announcement, Robert Sinclair, chairman of the Association of Mortgage Intermediaries, said: "In an increasingly competitive and fintech driven world, workplace marketing agreements are an excellent way of securing a quality source of leads.

"Firms should be continually looking to make clear their areas of specialism and focus on methods of identifying and securing these consumers."

imogen.tew@ft.com

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