Openwork has signed a new partnership agreement with master broker Enterprise Finance.
The network has around 3,000 financial advisers and it has been working with Enterprise Finance since 2005.
In the fourth quarter of 2014, as part of its wider mortgage proposition refresh, Openwork conducted a detailed market review, inviting tenders from throughout the industry. As a result of this process, Enterprise Finance has been chosen as the exclusive provider of secured loans and bridging finance for the next five years.
Paul Shearman, mortgage and protection proposition director at Openwork, said: “After an extensive review of the market we concluded that Enterprise Finance, with its well-rounded proposition, commitment to innovation, and fantastic relationship with our members, is still the right specialist distributor for us.
“The new contract provides surety for both parties, an important consideration given the increasing investment required ahead of forthcoming regulation. We look forward to growing our business together by delivering a market leading proposition for Openwork’s advisers and their clients.”
Harry Landy, sales director at Enterprise Finance, added: “We have been working with Openwork and its management team since inception and that has given us a very good understanding of what the network wants for its advisers. It’s gratifying that our proposition and continued dedication to providing the highest level of service to our introducers has been recognised by Openwork’s decision to continue working with us on a long-term basis.”