BoI begins distribution of products via Openwork

Bank of Ireland has begun distributing its products through Openwork as the lender continues its rollout into the broker market.

The lender re-entered the broker market under its own brand in December, first distributing through LSL estate agency subsidiaries Reeds Rains, Your Move and Embrace Mortgage Services, before opening up to First Complete ARs last month. Before November it had provided funding for Post Office mortgages.

BoI director of sales Alison Pallett says: “This is an exciting time for us and a big step forward in our growth agenda. We’ve expanded our sales and underwriting teams and opened a new processing centre to support our expansion and to ensure we continue to deliver excellent service. We’re also developing a new mortgage platform that will launch later this year.”

Openwork proposition director Paul Shearman says: “With such a strong history of lending in the intermediary market, I am delighted to be introducing Bank of Ireland products to our advisers and know they will be well received across the network.”