Openwork boosts lender panel with addition of Tesco Bank

We are pleased to announce that Tesco Bank is joining our growing lender panel from Monday 8 August.

The addition of Tesco Bank, the retail bank owned by the UK’s biggest supermarket, Tesco plc, will provide our advisers with access to the lender’s award-winning fixed rate and tracker mortgages.

The move further enhances the range of loans available through Openwork and follows the recent addition of specialist lender Kent Reliance to our lender panel, announced last month.

We expect to surpass more than £10bn of mortgage business this year and have seen lending surge almost 50% year-to-date compared with the same period last year.

Our Mortgage Proposition Director, Paul Shearman, says: “I am delighted to be adding Tesco Bank to our panel. Openwork’s objective is to offer our advisers the very best of the UK’s lenders, and following a detailed assessment of its proposition, we are convinced that Tesco Bank will deliver against this expectation.”

“Not only does Tesco Bank offer a well-known and respected brand, it has invested heavily in designing its intermediary portal that addresses many of the issues that prove challenging for advisers. This, alongside a highly rated relationship management team, will mean Tesco Bank will be well received by our advisers.”

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