The Cumberland Building Society, Saffron Building Society, and Melton Building Society have today become the latest members to join the Intermediary Mortgage Lenders Association (IMLA).
The Cumberland, founded in 1850, offers mortgages, savings, and current accounts, as well as residential and commercial mortgages across mainland UK. Its business team specialise in hospitality and commercial lending, ranging from holiday let mortgages to hotel and development finance.
Saffron Building Society, a mutual society which has been serving the local community in Essex, Hertfordshire and Sussex since 1849, provides a range of residential and buy-to-let (BTL) products, including a special situation range which caters for a wide spectrum of different borrowers.
Founded in 1875, Melton Building Society 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. Each will bring a wealth of industry experience across the UK intermediary mortgage market to IMLA discussions.
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, commented:
“We are delighted to welcome The Cumberland Building Society, Saffron Building Society and Melton Building Society into membership and look forward to hearing more from their teams at our upcoming engagements. All three building societies have an enduring reputation in the lending 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 delighted to be joining IMLA as members. We recognise the value IMLA brings to its members, and it will provide us with significant opportunities to collaborate with the industry, especially as we expand our distribution in the Intermediary market. We look forward to taking part in engagements, and meeting with its wider membership over the coming months.”
Tony Hall, Head of Mortgage Sales, Saffron Building Society, added:
“As a lender that is wholly reliant on mortgage intermediaries for our distribution, it is important for the Society to ensure that we remain connected and 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 – as a trusted trade body representing the views and interests of UK mortgage lenders operating in the UK mortgage intermediary market – was an obvious choice for the society and will help us to 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.”
For further information please contact:
Tom Stewart-Walvin, Rostrum
Tel: +44 (0)7855 689 302
Email: t.stewart-walvin@rostrum.agecy
Dan Edwards, Rostrum
Tel: +44 (0)7492 062 571
Email: d.edwards@rostrum.agency
Notes to Editors
About IMLA
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 50 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).