Openwork has announced that Capricorn Financial, its largest Appointed Representative (AR) by mortgage applications in 2016, has committed to the network for another five years.
Capricorn, which became an AR of Openwork in 2006, currently has 32 advisers working across four London offices and is seeking to expand to 60 advisers by 2019. Over the same time period, Capricorn is aiming to triple its mortgage completions from £1bn to £3bn.
The agreement follows Openwork’s announcement earlier this month that it will offer a dedicated mortgage service for high net worth clients via Capricorn Private Clients, the mortgage broker’s large loan team.
John Cupis, mortgage director at Openwork, said: “We are thrilled to have such a young and dynamic business such as Capricorn commit to the network for another five years. Capricorn has been with us for a decade now and we believe this new agreement speaks volumes about the strength of the Openwork proposition and our modern approach to the mortgage market.”
Conor Murphy, chief executive at Capricorn Financial, added: “We are delighted to have signed with Openwork for another five years. The network is a perfect fit for our business and we look forward to further developing and strengthening our longstanding relationship as we seek to achieve our ambitious plans for growth over the coming years.”