Tesco Bank has joined Openwork’s growing lender panel, giving its advisers access to the retail bank’s fixed rate and tracker mortgages.
The move increases the range of loans available through the broker network and follows the addition of specialist lender Kent Reliance last month.
Paul Shearman (pictured), mortgage proposition director at Openwork, 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.”
Openwork has seen a lending surge of almost 50% year-to-date compared with the same period last year.