OpenMoney enters mortgage advice market

Jessica Nangle

September 12, 2019

Online financial adviser OpenMoney is set to enter the mortgage market.

James Brocklebank (pictured) has been appointed as head of mortgages to expand the OpenMoney platform into the sector.

Speaking to Mortgage Introducer, Brocklebank explains that the main intention is to make advice accessible to all and fill the gap which is an area the business have completed research into.

Brocklebank explains that the first-time buyer market will be their initial focus to help prospective homebuyers understand the schemes available to them and guide them through the process.

OpenMoney’s mortgage division is set to launch in Q1 2020, with the team carrying out extensive research beforehand to ensure they bring a “completely unique proposition to market” according to Brocklebank.

Brocklebank has previously worked as an adviser at Santander and Yorkshire Building Society and has said he is exciting to be taking on this new challenge.

He said: “I love mortgages, and I have joined OpenMoney at a really good point in their journey.

“Mortgages are such an imperative part of a person’s life cycle and we want to provide customers with the advice they need.”

The service will be available via an online service or by telephone, where a specialist can be spoken to about an enquiry directly.

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