The joint venture will allow the 5,000 registered members of Mortgage Promotions access to the range of exclusive products which Opus are launching to the market, these include both prime and non-conforming products. Opus are providing members of Mortgage Promotions with
a dedicated team committed to service excellence.
Nick Baxter, managing director of Mortgage Promotions, says: “This was an important strategic decision. It will give our members an edge in a competitive market. Opus complement our business – its expertise in product development and existing relationships with lenders
strengthens our proposition.”
Exclusive products funded by lenders which include GMAC, Mortgages PLC, Kensington and West Bromwich will be available. Members of Mortgage Promotions will be able to share market views on products and criteria enabling Opus to continue to provide leading edge products.
Kevin Friend, director of sales at Opus says: “This partnership offers Opus a focused route to directly authorised brokers, the venture has been well supported by our lender partners as our product range will demonstrate.”
Technology will be at the heart of the proposition with on line DIP and application submission available from October 31.
Opus have recruited qualified staff to support the venture and ensure that the expectations of Mortgage Promotions members are met.
Members in Scotland will have the benefit of Scottish based service with products designed to accommodate the Scottish system.
Rob Green, head of sales at GMAC, says: “We are delighted to be supporting Opus in this venture with exclusive products. Opus is a valued partner and have a distribution strategy we are keen to support. So with the right products, service and distribution, it's a winning