Towergate Financial buys mortgage broker John Charcol

Towergate's IFA arm is branching out into the mortgage sector following high profile acquisition.

Struggling mortgage broker John Charcol has been bought by Towergate Financial with funding arranged in 2008 according to a source close to Towergate. John Charcol has had to lay off over 60 staff and close offices in places such as Birmingham, Manchester and Guildford over the last few years as the mortgage crisis has impacted its advisory business.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: