About IMLA

Our Role

IMLA represents the views and interests of UK mortgage lenders involved in the generation of mortgage business via professional financial intermediaries.

IMLA fosters discussion and debate between members through regular meetings of its Executive Committee to which all members are invited. At present we have 5 meetings a year. These meetings are focussed around the key business issues facing intermediary based mortgage lenders and decisions taken there are then implemented by IMLA’s Directors and Executive Director.

IMLA has developed close working relationships with the Association of Mortgage Intermediaries and UK Finance. IMLA has a joint lender/intermediary group (JLIG) in place with AMI and UK Finance where issues around the operations of the intermediary business channel are considered with respect to arriving at changes in practice or policy.


IMLA currently has 37 members and a list of members is given below. New members are always welcome and prospective members can attend meetings of the IMLA ExCo to judge for themselves the value of membership. Please contact IMLA if you would like to do this.

Full Membership of the Association is available to any lender actively involved in the intermediary mortgage market, which has a separate and clearly defined operating structure dedicated to processing intermediary introduced mortgage business.

IMLA also has an \Associate member category\ for firms who work closely with intermediary mortgage lenders.

Background; IMLA’s history

IMLA began life as the Association of Mortgage Lenders (AML). AML was incorporated in June 1988 as a trade body to represent the view of the newly emerged ‘centralised’ lenders in a rapidly changing and expanding mortgage market. These lenders had no branches and used a wholesale funding model and intermediary-based mortgage sales channel.

In 1989 Abbey National Building Society became a bank and this prompted the Building Societies Association, of which Abbey National had been a member, to consider creating a new trade body that could include both a mortgage bank such as the Abbey, the new centralised lenders plus the banks and insurance companies who had become active in the mortgage market. AML along with the BSA, the British Bankers Association, the Association of British Insurers and the Finance and Leasing Association came together to form the industry-wide Council of Mortgage Lenders (CML). From the outset, CML membership included AML members as well as high street banks, building societies, insurance companies and finance houses.

In 1995 the AML changed its name to The Intermediary Mortgage Lenders Association (IMLA), to reflect members’ specific expertise in and focus on all issues relating to the generation of mortgage business via professional financial intermediaries.

IIMLA members were responsible for introducing the concept of ‘centralised mortgage processing’ which enables mortgage applications to be generated via intermediaries and this has now been embraced by the majority of lenders paving the way for modern ‘direct’ mortgage operations.

IMLA members also led the development of electronic tracking and information services for intermediaries and borrowers. Its members continue to look at new products and services with the aim of offering borrowers greater choice and flexibility.

IMLA members were active in developing innovative funding techniques through the wholesale money market products which allowed capped, short and long term fixed rates and stabiliser facilities to be created and which are now widely available for borrowers. IMLA members also pioneered the process of securitising mortgage assets.

IMLA today

IMLA Membership now includes UK banks, building societies, subsidiaries of overseas banks and mortgage lender subsidiaries of UK companies set up to carry out specific UK mortgage lending operations.

IMLA is run on a day-to-day basis by its Executive Director, Kate Davies. She reports to the elected Chairman, Deputy Chairman and 3 directors of IMLA on a regular basis and through periodic Management Committee meetings (ManCo). All members are able to attend the regular Executive Committee (ExCo) meetings where IMLA policy is discussed and agreed. There is an annual election in October/November for the posts of Chairman and Directors and members are thus able to exercise considerable control over the direction and running of the trade body.

For a list of \past chairs\ of IMLA please follow this \link\.

IMLA Constitution

A copy of IMLA’s constitution can be found \here\. This is reviewed regularly to ensure it is fit for purpose. It was last reviewed in 2017. Further details of the Annual Elections are also given in the Constitution.