Openwork expands non-conforming offering

The addition of Kensington and GMAC extends and complements the range of existing non-conforming mortgages from lender BM Solutions and packager Enterprise Home Loans.

Paul Shearman, mortgage proposition director says: “As a result of increasing demand from our advisers for more access to lenders on a direct basis, we are delighted to welcome Kensington and GMAC on board. The changes follow a detailed review of the sub-prime marketplace, which has been changing rapidly as a result of regulation and technology.

“We have added a significant number of providers to our panel over the last year or so and the whole panel will be benchmarked, reviewed and refreshed on a regular basis.”