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Citri to become an AR of Openwork

Citri, the mortgage and protection specialist advisory firm, is to become an appointed representative of Openwork.

North East-based Citri, which is currently directly authorised, is expected to become an AR of Openwork on March 31, following the induction of its members.

Keith Atkinson, chief executive of Citri, says: “This is an exciting time as we emerge from the recession in good shape. We are very pleased that Openwork recognises the strength of the Citri national brand and the efficiency of our business model. 

“A strategic partnership with Openwork offers many advantages; firstly to strengthen our position in the mortgage and protection arena and, secondly, to broaden Citri’s expertise in the wealth management market – offering the consumer a full advice proposition.

“We believe Openwork is the right partner going forward and we look forward to the next chapter in our development.”


FCA could impose loan-to-income limits

The Treasury has today released a consultation paper on the role of the Financial Conduct Authority, one of the bodies that will be replace the Financial Services Authority when it is disbanded in 2012.


Smaller lenders give brokers vital choice

Astory was doing the rounds in the media two weeks ago under the title ’Lenders penalise families with children’. I wasn’t surprised by the title as affordability is a key dynamic when assessing an applicant’s ability to service loan repayments and it is pretty obvious that living costs have a correlation to the size of […]

More people face losing homes as job cuts and rate hikes take effect

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Force the change for smarter lending

Recent research showed that on average brokers were placing business among seven lenders. As most lending is currently undertaken by half a dozen institutions these statistics are not good for anyone, so change is needed. The market needs fresh thinking, driven by lenders outside of the big six. They need to find ways to better […]


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