The Openwork Partnership has expanded its lender panel with the addition of The Mortgage Lender (TML). This inclusion broadens the network’s robust selection of financial institutions, which encompasses major banks, building societies, and specialist lenders, enhancing the variety of mortgage products available to advisors catering to diverse client needs.
TML specializes in serving a segment of the market often overlooked by traditional high street lenders, such as the self-employed, entrepreneurs, and those with complex income situations or credit histories. Its addition to the panel aims to provide more tailored mortgage solutions, including options for first-time buyers, re-mortgaging, and buy-to-let mortgages, across England, Scotland, and Wales.
David Booth, mortgage proposition manager at The Openwork Partnership, expressed enthusiasm about the new collaboration: “We are delighted that The Mortgage Lender is joining Openwork’s lender panel which now has an impressive array of providers to meet the diverse needs of the market, our direct panel relationships now account for 96% of all mortgage lending in the UK.”
Booth further noted TML’s strategic position as a subsidiary of Shawbrook Bank, highlighting its aspiration to be a frontrunner in specialist lending. “With its head office in Glasgow, the addition of TML to our panel will be well received by our advisers in Scotland in particular. We look forward to having TML on board,” he added.
From TML’s perspective, Sara Palmer, distribution director, echoed the sentiment: “We are thrilled to partner with The Openwork Partnership, a network with over 50 years’ experience and expertise helping customers with their financial needs.”
