The joint venture will give Mortgage Promotions members access to an exclusive product range from Opus including both prime and non-conforming products.
Nick Baxter, managing director, said: "This was an important strategic decision. It will give our members an edge in a competitive market. Opus complements our business, and its team’s expertise in product development and existing relationships with lenders strengthens our proposition".
Kevin Friend, director of sales at Opus, added: "This partnership offers Opus a focused route to directly authorised brokers, the venture has been well supported by our lender partners enabling us to offer an impressive range of products to members."
Exclusive products funded by lenders including GMAC-RFC, Mortgages plc, Kensington, Future and West Bromwich will be available. Rob Green, head of sales at GMAC, said: "We are delighted to be supporting Opus in this venture with exclusive products. Opus is a valued partner and has a distribution strategy we are keen to support. So with the right products, service and distribution, it’s a winning formula."
Members will also be able to share market views on products and criteria, while members in Scotland will benefit from local service with products designed to accommodate the Scottish system.
