Four lenders added to The Openwork Partnership panel

The Openwork Partnership has widened its mortgage panel with the addition of four specialist residential and buy-to-let (BTL) lenders.

Foundation Home Loans, Landbay, Pepper Money and Vida Homeloans have been added to the financial advice and investment network’s panel.

The Openwork Partnership has more than 4,300 financial advisers across the UK and operates as a directly authorised, multi-panel distribution network.

According to the firm, “increasing complexity” in the BTL market, as well as the pandemic’s impact on the residential market, has driven demand for lenders able to consider more complicated income and employment histories, in addition to clients with credit issues.

The Openwork Partnership’s proposition director, mortgages and protection, Paul Shearman, commented: “Our refreshed panel offers the best support from across the industry and our direct panel relationships now account for 96% of all mortgage lending in the UK.

“The four new lenders are fantastic additions to our panel and will enable advisers to help even more clients in the changing mortgage market.”

Vida director of mortgage distribution, Richard Tugwell, added: “The Openwork Partnership is a respected player in the market, and we are delighted to join their panel to offer our specialist lending product solutions to their advisers and provide options for their clients with complex financial needs.”

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