Openwork aims to lend more than£10bn in mortgages this yearfollowingits best annual lending figures since 2009.
The network saw mortgage lending hit£9.1bn in 2015 up from £7.4bn in 2014, an increase of 23%. This represents its best lending performance for six years.
Paul Shearman, Openwork’s mortgage and protection proposition director, said: “2015 was a fantastic year for mortgage lending at Openwork and our best annual performance since the crash. To have exceeded £9bn of lending – a substantial year-on-year uplift – is a significant achievement and testament to both our advisers and the quality of our market-leading proposition.
“With this year shaping up to be an even better one, particularly with Just Mortgages about to join the network, we fully expect to have surpassed £10bn of lending by the end of 2016.”
Openwork expects to surpass £10bn of lending this year through a combination of organic growth and through Just Mortgages, the financial advisory business of Spicerhaart, which is joining the network from L&G next month.
Just Mortgages, which will become Openwork’s largest mortgage-focused AR firm with 130 advisers, currently serves Spicerhaart clients across estate agencies including haart, Darlows, Felicity J Lord, Haybrook and Chewton Rose.
