Openwork expands Specialist Lending Panel

We are expanding our Specialist Lending Panel with the addition of new providers for specialist residential, buy to let, second charges and bridging loans as it enhances services for advisers and their clients.

Two additions to the existing Specialist Panel are being added – The Brightstar Group and Positive Lending.

The refreshed panel of specialist partners is being launched following a detailed selection process aimed at delivering the best support from across the industry on a range of specialist lending sectors. Over 20 potential partners were involved in the selection process, which encompassed analysing each firm against more than 50 separate criteria across amongst others, product offering, service performance, technology, regulatory focus, financial strength and commercials. Whilst many firms offered excellent propositions, Brightstar and Positive Lending were the stand-out candidates, particularly in terms of their adviser service proposition and focus on delivering excellent client outcomes.    

Brightstar and Positive Lending join Openwork’s existing specialist partners - BuildLoan,  Enterprise Finance, The Business Mortgage Company (TBMC) and TFC Homeloans. As part of the re-fresh all existing partners have upgraded their offering for Openwork, delivering wider propositions, improved service and better value for clients.

Paul Shearman, Proposition Director, Mortgages & Protection at Openwork, said: “Our refreshed Specialist Panel will help us serve clients with more demanding needs such as those with more complex income, employment or credit profiles, clients looking to borrow for the short-term or raise additional funds that cannot be met through re-mortgage and much more.”

“We’re delighted to strengthen our existing relationships as well as to introduce new options for our clients and advisers. The addition of Brightstar and Positive Lending will offer greater choice to our advisers and their clients, backed up by best in class service. I know the changes will be well received by our advisers”

Rob Jupp, CEO of The Brightstar Group, added: “This is great news for Brightstar but, more importantly, it’s great news for members of the Openwork network as it gives them the opportunity to offer a more holistic advice service and means that they never have to turn away a client with specialist circumstances.”

Paul McGonigle, Chief Executive Positive Lending said: “We’re delighted to be appointed to Openwork’s revised master broker panel for specialist lending support. Through Positive, Openwork members can access whole of market lender panels for bridging, second charge, complex residential and buy to let, including exclusive products and restricted lenders.”

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