John Heron, managing director of Paragon Mortgages, is to become chairman of the Intermediary Mortgage Lenders Association (IMLA) with effect from 1 January 2003. This will be Heron’s second stint as chairman of IMLA, he is also on the executive committee of the Council of Mortgage Lenders.
Heron said, ‘With nearly half of all mortgage business being originated by intermediaries, I am extremely excited to be representing intermediary lenders through such a well respected organisation. I believe that IMLA will continue to play a vital role in ensuring there is meaning- ful debate on the format of mortgage regulation and other Government measures, which will impact on our market and the role of the intermediary.’
Heron succeeds Tony Ward, chief executive of Britannic Money, who will now take up a position on IMLA’s management committee. Other new members will be Iain Crump of Allied Irish Bank, and John Maltby of Kensington Mortgage Company, who will assume the position of vice-chairman.
Tony Ward said: ‘ While I have really enjoyed my second term in office, I am delighted to be handing over to John once again. Having worked with John for a number of years, I have every confidence that he will do an excellent job as chairman in 2003 and will be a strong contributor to IMLA.’