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Openwork teams up with large loan specialist

by: Mortgage Solutions
  • 08/06/2016
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Openwork teams up with large loan specialist
Openwork has appointed member firm Capricorn Financial as its high-net-worth partner to arrange mortgages for clients looking for loans in excess of £1m.

Capricorn’s large loan team, Capricorn Private Clients, will accept referrals from other firms within the network on behalf of their UK and international clients.

The broker firm joined Openwork in 2006, a year after its launch and has grown its workforce to 32 advisers with a target in excess of £1bn for arranged mortgages this year.

John Cupis (pictured), mortgage director at Openwork, said: “We are excited to announce that Openwork advisers will now be able to arrange financing for their high-net-worth clients via Capricorn. This adds another important weapon to the Openwork armoury both in the mortgage arena but also more broadly in terms of building our capabilities to support our advisers’ wealthier clients.”

Conor Murphy, chief executive at Capricorn Financial, said his firm had strong relationships with a variety of lenders, from those on the high street to offshore and international banks.

“We believe our expertise and guidance can help advisers get the right deal for their clients whether they be non-dom, expat or simply in need of a large loan,” he said.

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