Openwork invited 35 lenders to tender in Q4 2014 and has selected the 25 which it believes represent the very best in each of the key customer segments that Openwork is seeking to serve.
Paul Shearman, mortgage and protection proposition director for Openwork, said: “The last 12 months have seen major changes in the market including new regulation, increased capacity, new lenders and a significant shift towards intermediaries.
“We felt the time was right to review all of our lender relationships with the aim of ensuring we were still delivering a best of class proposition to our advisers and in turn their customers.
“I am delighted with where we have landed. We now have a refreshed panel comprising lenders who recognise the value that Openwork provides and have been willing to commit to supporting us in areas such as exclusives, product design, differentiated service and marketing/sales support.
“Openwork’s mortgage business is critical to the network’s future growth plans and I look forward to working with all the panel members to take both existing and new relationships to a new
The new panel includes Accord Mortgages, Aldermore, Bank of Ireland, BM Solutions, Barclays, Clydesdale, Coventry Building Society, Halifax, Kensington Mortgages, Leeds Building Society, Metro Bank, Mortgage Trust, NatWest, Nationwide Building Society, Newcastle Building Society, Paragon Mortgages, Precise Mortgages, Principality Building Society, Progressive Building Society, Santander, Skipton Building Society, TSB, The Mortgage Works, Ulster Bank and Virgin Money.
