Just Mortgages leaves L&G for Openwork
Just Mortgages, the financial advisory business of Spicerhaart and one of Legal & General’s largest appointed representatives, is to leave the network to join Openwork.
The move means Just Mortgages will become Openwork’s largest mortgage-focused AR firm with just over 130 advisers.
The firm will join Openwork in March 2016 but will retain a single-tie arrangement with L&G for protection.
Antony Lark, managing director of Just Mortgages, said: “I have been working with Openwork for over a year on this and I am pleased we have been able to strike up this partnership.
“We thought long and hard about the best route to take and met with a number of different networks and mortgage clubs, but determined that Openwork’s network model is the best fit for our business now and into the future.”
Mark Duckworth, chief executive officer of Openwork, added: “This is a compelling partnership that will enable Just Mortgages to benefit from our whole-of-market mortgage proposition and market clout – we expect to complete over £10bn of mortgages this year – while adding to Openwork’s stable of fantastically run adviser firms.”