Panel growth for Openwork

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Tesco Bank has joined the lender panel at Openwork.

The move will provide Openwork advisers with access to the lender’s fixed rate and tracker mortgages.

The news follows the recent addition of specialist lender Kent Reliance to the network’s lender panel, announced last month.

Openwork has seen lending increase almost 50% year-to-date compared with the same period last year.

Paul Shearman, mortgage proposition director at Openwork, said: “I am delighted to be adding Tesco Bank to our panel. Openwork’s objective is to offer our advisers the very best of the UK’s lenders, and following a detailed assessment of its proposition, we are convinced that Tesco Bank will deliver against this expectation.

“Not only does Tesco Bank offer a well-known and respected brand, it has invested heavily in designing its intermediary portal that addresses many of the issues that prove challenging for advisers.

“This, alongside a highly rated relationship management team, will mean Tesco Bank will be well received by our advisers.”

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