Charcol general manager Ricky Okey says the last four years have seen mutual benefits both for the mortgage broker and B&B.
B&B bought mortgage broker and advisory business Charcol in February 2000 for £100m.
Okey says Charcol brought mortgage broking expertise to B&B and helped launch The MarketPlace while B&B brought growth opportunities. He says there will be many opportunities for Charcol to progress as a free-standing business.
Okey says: “For Charcol, it creates opportunities for the staff and there is no reason to be concerned. Charcol is entrepreneurial in spirit and it may well be easier to deal with staff retention in terms of consultants.”