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Just Mortgages looks to double broker numbers

Just Mortgages looks to double broker numbers
 Credit: Andrea Piacquadio from Pexels

Just Mortgages is aiming to double its broker headcount in the next few years.

The brokerage said it currently has over 500 brokers and plans to double its headcount to 1,000 by 2023/24.

John Phillips, group operations director at Just Mortgages, said: “Most of our mortgage brokers are self-employed and we are growing every month. One of the side effects of the Covid pandemic, in a good way, has been former brokers returning to the mortgage industry.

“Mortgage advisers who moved career in the past, perhaps to run a pub or a restaurant, have been forced to rethink their employment opportunities, which have been dire for those in industries such as hospitality.

“These former brokers are rejoining at a very busy time as home buyers, buy-to-let investors and those seeking to remortgage need good advice.”

Just Mortgages has 345 self-employed brokers, with plans to grow to 460 by this time next year.

The brokerage added that 15 of its self-employed brokers had taken on new staff in recent months.

It also has 20 brokers in its new-build division, with plans to increase this to 34 in the next year.

Just Mortgages’ employed division, meanwhile, has around 160 brokers who are based either in Spicerhaart estate agents or at home.

The brokerage’s expansion plans come after the launch of its wealth management business, Just Wealth, in January.

Just Mortgages also selected eight trainees to its broker academy last month from 750 applications, with a further two academies running this year.

chloe.cheung@ft.com

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