The Intermediary Mortgage Lenders Association (IMLA) has announced that West One Loans has joined as the latest member of the trade body. The addition of the specialist lender means IMLA has now increased its membership to 43 banks, building societies and specialist lenders including 18 of the 20 largest UK mortgage lenders ranked by gross lending.
Andrew Ferguson, Managing Director at West One Loans, will represent West One at IMLA’s Executive Committee meetings.
The inclusion of West One follows Legal & General Home Finance, which joined earlier this year.
Kate Davies, Executive Director of the Intermediary Mortgage Lenders Association, said:
“We are very pleased to welcome Andrew Ferguson and the West One Loans team to IMLA as new members in 2020. These are certainly highly unusual times for the mortgage market in light of the disruption caused by coronavirus, but IMLA is continuing to grow and now represents 43 lenders from across the sector.
“From second charge mortgages to development finance and buy-to-let, West One Loans will bring a wealth of experience and knowledge to the Association as our members work together through the current crisis and beyond.”
Andrew Ferguson, Managing Director, Buy-to-Let, at West One Loans said:
“West One are very pleased to have joined such a well-respected trade body. As new members of IMLA we look forward to working alongside the IMLA team, its members and partners through a very difficult time and into the years beyond. We are excited to share knowledge and expertise and are totally committed to supporting the mortgage intermediary market across our varied product range.”
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 43 banks, building societies and specialist lenders include 18 of the 20 largest UK mortgage lenders (measured by gross lending) and account for about 90% of mortgage lending (91.6% of balances and 92.8% of gross lending).