Kevin is Head of Intermediaries at Coventry Building Society and has served as IMLA’s Deputy Chairman for the last year, having first been appointed as a Director in 2012.
He will take over the role of Chairman from Charles Haresnape, who will remain on the IMLA board in the role of Director, having taken on greater responsibility at Aldermore Bank with his promotion to Group Managing Director of Mortgages in summer 2015.
The closely contested election also saw Phil Rickards of Lloyds Banking Group, Alan Cleary of Precise Mortgages and John Heron of Paragon Group reappointed as Directors in a vote of confidence for the existing IMLA board. Phil Rickards will take on the role of Deputy Chairman from 1st December.
IMLA’s membership has grown to include 30 banks, building societies and specialist lenders who work together to promote the interests of the growing intermediary mortgage lending market, which is now worth £150bn.
Kevin Purvey, IMLA’s Chairman-elect, commented:
“I look forward to taking over the reins as IMLA Chairman and continuing the great work Charles has led and the major progress achieved during his tenure.
“IMLA’s membership has grown significantly through what has been a busy and eventful period of change in the mortgage market. It gives us a strong platform to build from in the future, at a time when the intermediary sector is increasingly vital to the overall health of the industry.
“IMLA offers a unique and inclusive forum for lenders who specialise in this area. It will continue to champion member-driven issues as well as strengthening its relationships with regulators, policymakers and industry, both to inform the market’s future direction and help improve working practices.”
Charles Haresnape, the outgoing Chairman, commented:
“It has been a pleasure to represent a growing number of intermediary lenders as IMLA Chairman over the last two years, and I look forward to playing a continuing role in shaping our future as a key voice within the mortgage industry into 2016 and beyond.
“With 30 members now sat around the table of IMLA’s Executive Committee, we are fortunate to call on a vast amount of experience and expertise to debate the many challenges facing lenders, brokers and consumers in today’s market.
“As a representative body, one of IMLA’s great strengths is in the range and diversity of views from lenders of all shapes and sizes. Their collective insight is vital so IMLA can provide an important steer on key market and regulatory issues.”
For further information please contact:
Andy Lane / Will Muir, Instinctif Partners
Tel: 0207 427 1422 / 29 / firstname.lastname@example.org
Notes to Editors
The Intermediary Mortgage Lenders Association (IMLA) is the trade association that represents mortgage lenders who lend to UK consumers and businesses via the broker channel. Its membership of 41 banks, building societies and specialist lenders include 16 of the 20 largest UK mortgage lenders (measured by gross lending) and account for about 90% of mortgage lending (89.4% of balances and 90.6% of gross lending).