The Cumberland, founded in 1850, offers mortgages, savings, and current accounts, as well as residential and commercial mortgages across the mainland UK. The majority of its lending is to people in North West England and South West Scotland, but they also specialise in holiday lets and other hospitality lending.
Saffron Building Society, a mutual based in Essex, Hertfordshire and Sussex since 1849, provides a range of residential and buy-to-let (BTL) products, including a special situations range.
Founded in 1875, Melton serves over 40,000 members in the Leicestershire, Rutland and Lincolnshire area with mortgage, insurance and savings services. The company is highly active in the local charity sector, supporting Melton Building Society Charitable Foundation.
David Robinson, head of intermediary lending, will be Cumberland’s appointed IMLA representative, along with Tony Hall, head of mortgage sales, Saffron, and Dan Atkinson, head of intermediaries, Melton Mowbray.
The addition of the three building societies means IMLA has a combined total of 50 full and 14 associate members, including banks, building societies and specialist lenders.
Kate Davies, executive director of IMLA, said: “We are delighted to welcome The Cumberland, Saffron, and Melton, and look forward to hearing more from them at our upcoming engagements. All three have an enduring reputation in the industry, and the association will no doubt benefit from their extensive knowledge.”
David Robinson, head of intermediary lending, The Cumberland Building Society, added: “We are really happy to be joining IMLA as members. We recognise the value IMLA brings and it will provide us with significant opportunities to collaborate with the industry, especially as we expand our distribution in the intermediary market.”
Tony Hall, head of mortgage sales, Saffron Building Society, said: “As a lender that is wholly reliant on mortgage intermediaries for our distribution, it is important for us to ensure that we remain engaged with the constantly changing market. Additionally, we wish to have the voice, and collaboration opportunities, to ensure we can influence positive change in our industry. Joining IMLA was an obvious choice for us and will help us future-proof our services in partnership with our peers and trusted advisors.”
Dan Atkinson, head of intermediaries, Melton Building Society, added: “We are committed to supporting the intermediary market and relish the opportunity to collaborate with the members of IMLA to collectively make a difference in the industry. Melton Building Society has a range of niche products and we look forward to bringing a new voice to the table.”
