Openwork eyes £10bn lending in 2016


Openwork is targeting £10bn of mortgage lending in 2016 after its lending rose 23 per cent to £9.1bn in 2015.

The network says it will meet its target through organic growth and through business coming from Just Mortgages, which is joining the network from L&G next month.

Just Mortgages, the financial advisory business of Spicerhaart, will become Openwork’s largest mortgage-focused AR firm with 130 advisers.

The firm currently serves Spicerhaart clients across estate agencies including haart, Darlows, Felicity J Lord, Haybrook and Chewton Rose.

Openwork mortgage and protection proposition director Paul Shearman says: “2015 was a fantastic year for mortgage lending at Openwork and our best annual performance since the crash.

“To have exceeded £9bn of lending – a substantial year-on-year uplift – is a significant achievement and testament to both our advisers and the quality of our market-leading proposition.”