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Ex-John Charcol adviser launches brokerage

Vince Sammon, a former consultant at John Charcol has launched a new mortgage brokerage, Sammon Mortgage Management.  

Sammon Mortgage Management is directly authorised and offers whole of market mortgage and protection advice.

Sammon, managing director of the new brokerage says starting a new venture after such a turbulent time in the financial industry could be considered high risk, but he feels the timing is ideal and the outlook for brokers is bright.

He says although criteria remains strict, particularly for those clients with little equity or a small deposit, 2010 has seen increased mortgage activity, availability of higher LTV’s and also slightly lower rates, all signs of an improving market.

Vince, says: “More and more lenders are coming back into the market which means better terms for clients as competition increases, this also provides brokers with a greater range of options for their clients.

“Brokers continue to contribute a huge percentage of overall lending and in a market where criteria is tight, mortgage brokers are relied upon more than ever to find not just the best rate but also the right lender.”

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  • Anon 15th June 2010 at 11:37 am

    I have had the misfortune of working with Vince in the past & from what I know of him he is certainly ruthless & cut throat enough to make a success of any venure. Break a leg Vince.

  • Jonathan Burridge 27th May 2010 at 4:58 pm

    Thanks for asking, more than happy oblige; Salt and Vinegar. None of that fancy “sweet thai chilly” milarkey, or, Roasted Hedgehog nonsense. Not for a quick lunch in the office. no, no, no, that would not do. I am sure when I was younger green crisp bags meant Cheese and Onion?? You have to be carefull with that sort of thing, check what it is you are eating – I once took a great big spoonful of Strawberry yohurt from a tub to find out to my significant surprise it was taramasalata, expect sweet strawberry – taste fish, not great. Not been able to eat either since………

  • Paul 27th May 2010 at 3:11 pm

    What flavour crisps Jonathan? Let’s have the full details!!

  • Jonathan Burridge 27th May 2010 at 2:42 pm

    Good luck Vince, my consultancy rates in my new formed Business Advisory Service are very reasonable if you would like some help :-).

    Also, I thought everyone would like to know I have just enjoyed a rather fine Beef and Horseradish sandwich. And some crisps.

  • Very original 25th May 2010 at 10:22 am

    James Scarper and Oliver Bodge, also previously of JC are following Vince in making money doing what they did before and yet were unable to make enough money, hence the demise of JC…..strange that?

    No matter, doing everything the same as previously, the new firm will be also be using the quite original idea of using the names of the principles and will be called ‘Bodge & Scarper’. I also wish them and of course Vince very well

  • Award Winning Journalism 25th May 2010 at 7:43 am

    Firstly, I congratulate you on making headline news and deciding that working for yourself is the best thing….when things are on the up.

    You have also lead the way for every tom dick and harry to make headlines for opening up shop – a feat in itself.

    Good luck dear broker – your going to need it in the current environment and the way things are moving – lets all hope the lenders with the best rates decide to use brokers again – instead of the new lenders offering awful products with rip-off fees that no good adviser would ever recommend (yes, that includes Aldermore and Exact).

  • CREDITCRUNCHED 24th May 2010 at 9:00 pm

    THIS IS HYSTERICAL – WHY HAS A MORTGAGE SALESMAN RECEIVED SUCH MEDIA ATTENTION? HUNDREDS, IF NOT THOUSANDS, OF SOLE TRADERS HAVE EVOLVED FROM THIS FINANCIAL DEVASTATION OVER THE PAST 2 YEARS. A STORY ABOUT A MR SAMMON? SOUNDS FISHY TO ME!

  • john cena 24th May 2010 at 8:10 pm

    come on MS – send me news by all means but im really not the slightest bit interested in receiving adverts from your mailing list.

  • Leon jones 24th May 2010 at 6:37 pm

    I noticed somebody has deleted several posts from this article can I ask why? Maybe several
    posters touched a nerve ???

  • Geoff Laird 24th May 2010 at 5:59 pm

    What makes this person think he is special , just because he came from John Charcol, whats special about this firm in any event ??it certainly doesnt make him special or more capable than the majority of quality brokers who learnt their trade with one of the big firms before starting on their own .
    Please Mortgage Strategy keep such announcements out of your publication,otherwise it will take all day to learn that boggins has left one firm and started up himself.

  • John Baker 24th May 2010 at 4:51 pm

    I fail to see why there is such a mystique about John Charcol. I’m still trading, and they are where……?

    So what if he’s launched a new firm? Hopefully he does well, but I launched my own firm in 2008 and didn’t feel the need to post it here.

  • Paul 24th May 2010 at 4:20 pm

    Nice bit of free advertising, well done! Seems to be not too well received by the posters on the debate but whatever the circumstances I wish you good luck in your venture.

  • Leon Jones 24th May 2010 at 4:13 pm

    Katie not surprised at your comment, pro active? So what your saying is Vince is trying to recruit brokers using mortgage strategy? I thought Vince wanted to run a business for customers not brokers? Relevance? absolutely none if your pro active your targeting the wrong audience.
    Name supplied

  • Salk 24th May 2010 at 4:07 pm

    Good Luck Vince.

    Hope it all works out.

  • Julien Hallwood 24th May 2010 at 3:33 pm

    I am a director of a brokerage, we too had networks go down on us and we also started our own business – this is what you do when you have to! Can we all have a feature in this publication that we lost our jobs due to other businesses/networks. Familiar story to all brokers – perhaps we should have a feature on the sunshine as it is a relevent today as this story is.

    Well done Vince – now you can get to know about all of the FSA irrelevence and pointless forms/ costs / forums / more costs that we all have as a business. That always makes you think ” If only I were a bank none of this would apply!!!”

  • Kathy Owen 24th May 2010 at 1:42 pm

    Don’t quite understand why this is news. I opened a firm in Apr 2008 and I didnt recieve such noterity! News must be thin on the ground. Good luck though if not a little jealous.

  • Paul Mythen 24th May 2010 at 1:27 pm

    Good luck Vince, I’m also ex-Charcol and set up my own business in August 2003; Spotlight financial solutions Ltd are also thriving. Now I’m also in MS 🙂

  • Katie Tucker 24th May 2010 at 1:25 pm

    Best of luck to Vince, just the fact that he has bothered launching publicly and getting his name out there like this bodes well – proactive attitude and marketing.

  • Chris Simpson 24th May 2010 at 1:19 pm

    Well done Vince. I launched a mortgage brokerage in September 2003 and received no such acclamation from mortgage strategy. Fenton Simpson Financial Services Ltd are still open and ready for business.

  • Paul Violet 24th May 2010 at 1:11 pm

    Very brave. Need any help from ex broker director?

  • Dazed and Confused 24th May 2010 at 12:49 pm

    Whilst I wish Vince all the best in his new venture, I just wonder whether I would have got this much publicity when I left a small thriving brokerage 7 years ago to launch my new business…just a thought!!

  • Mortgage Broker N3 24th May 2010 at 12:47 pm

    Good Luck fellow broker, fortune favours the bold – but in the current environment, with another recession coming and mortgage approvals at 10yr lows, dual pricing, and RDR coming in – we are shutting up shop soon – one less firm for competition from us!

    In my view – not a good idea in the current climate but wishing you the best anyhow.

  • Stuart White 24th May 2010 at 12:42 pm

    Wishing Vince all the best with his new venture.

    I hope too that his firm represents the best interests of the clients by recommending ‘direct to lender’ rates rather than only recommending rates that remunerate the adviser.

  • Leon Jones 24th May 2010 at 12:42 pm

    I have started up on my own too… Can I have an article on mortgage strategy? What on earth? Jon Charcol went South why are we interested? I also have an advisor who worked at L&C so what? I don;t see the relevance?

  • Tom IFA 24th May 2010 at 12:41 pm

    If someone setting up a brokerage whio I have never heard of is what you deem as as newsworthy of an email reportalert then please remove me from your listing. PS good luck who ever you are

  • Masood 24th May 2010 at 12:40 pm

    Is this really news worthy. Who is Vince Sammon, does anyone care?

  • Steve Rodley 24th May 2010 at 12:38 pm

    I wish him well but in the current climate it is the last thing I would be doing!!!!

  • Dave 24th May 2010 at 11:29 am

    I’ve previously worked with Vince and i wish him all the best in his new venture –
    Vince was always a top consultant and im
    sure his company will go from strength to strength!