Enterprise adds Beacon to its Openwork lender panel
The partnership is through Enterprise Groups' bespoke packager – Enterprise Homeloans. The addition has been made possible by Beacon’s decision to distribute its products exclusively through RAMP members, where Enterprise sits as a board member.
Michael Clapper, CEO of Enterprise Group, said: “We’re delighted to offer this panel enhancement for Openwork. We have worked closely with Beacon to develop an outstanding product specification, including initial pay rates from 4.40 percent, lending on unusual property types, buy-to-let purchases with no references required on any existing mortgages, and up to 80 per cent LTV remortgages away from sub-prime lenders. It all adds up to a major addition and gap-fill for Openwork’s advisers.”
Brian Pitt, sales & marketing director of Beacon added: “Enterprise is one of the fastest growing and dynamic businesses in the industry today and we’re delighted to be working with it. Beacon has seen tremendous growth since its launch, with our aim of accommodating the niche areas that have developed since the larger, specialist lenders moved closer to more mainstream-type products.”