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Openwork adds Post Office to lender panel

HandshakeOpenwork has added Post Office for Intermediaries to its mortgage lender panel.

Launched in 2014 as partnership between Post Office Money and Bank of Ireland UK, Post Office for Intermediaries specialises in residential and buy-to-let mortgages.

The Post Office Family Link and the Post Office Retirement Link products are both now available to Openwork advisers.

Openwork mortgage, protection and general insurance proposition director Paul Shearman says: “Openwork enjoys a strong existing relationship with Bank of Ireland so the development of the Post Office offering that aims to help first-time buyers get onto the housing ladder, as well as supporting customers looking to borrow into later life, is one that will be beneficial for our advisers.”

Bank of Ireland UK and Post Office announced last month that they are widening the distribution network for Post Office for Intermediaries.

Earlier this year Zurich sold its 25 per cent stake in Openwork, effectively ceding control of the network to its adviser members.

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