Kevin Purvey of Coventry Building Society was re-elected for a second year as IMLA’s chairman, along with Phil Rickards of Lloyds Banking Group who continues as deputy chairman.
Meanwhile, Paragon Group’s mortgage managing director John Heron and Charles Haresnape MD of Aldermore Mortgages remain as directors, also joined by Paul Darwin, head of intermediary sales at Skipton Building Society, who replaces Precise Bank’s mortgage MD Alan Cleary while Louisa Sedgwick director of sales at Vida Homeloans returns as a co-opted director.
The four new 2016 members are CHL Mortgages, The Mortgage Lender, Tesco Bank and Vida Homeloans, who join 20 other full members and 10 associate members.
IMLA brings together banks, building societies and specialist lenders who work together to promote the interests of the growing intermediary mortgage market, which is worth £180bn a year.
Intermediaries now enjoy a 70% share of the mortgage market, up from less than 60% in early 2014 and 50% in 2012. The trade body conducts research, tracks the market and collaborates with the Council of Mortgage Lenders (CML) and the Association of Mortgage Intermediaries (AMI) to promote quality working practices.
Kevin Purvey, IMLA’s chairman, said: “New members are incredibly valuable, as they can provide fresh insight on the many challenges facing lenders, brokers and consumers in today’s market. We look forward to working together in the coming year to build on what has been a challenging but ultimately successful twelve months.”
Earlier this month, lenders and intermediaries called for the creation of an independent housing department, unswayed by political influence to jump the road block to housing policy which it suggests may be caused by constant ministerial reshuffles.
Since 2010, the role of housing minister has been held by six different politicians, with Gavin Barwell becoming the latest person to assume the position in July this year.