Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Three building societies join IMLA

Cumberland Building Society

The Cumberland Building Society, Saffron Building Society, and Melton Building Society have become the latest members to join the Intermediary Mortgage Lenders Association

The Cumberland Building Society, Saffron Building Society, and Melton Building Society have become the latest members to join the Intermediary Mortgage Lenders Association (IMLA).

The Cumberland offers residential and commercial mortgages across mainland UK. The majority of its lending is to people in North West England and South West Scotland but they also specialise in areas such as holiday lets and other hospitality lending, industries their region is particularly celebrated for.

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 products, including a special situation range which caters for a wide spectrum of different borrowers.

Melton Building Society serves over 40,000 members in the Leicestershire, Rutland and Lincolnshire area with mortgage, insurance and savings services.

David Robinson, head of intermediary lending, will be Cumberland’s appointed IMLA representative, along with Tony Hall, head of mortgage sales at Saffron, and Dan Atkinson, head of intermediaries at Melton Mowbray.

IMLA now 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 from The Cumberland said: 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.

Tony Hall at Saffron Building Society commented: 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.

Dan Atkinson from 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.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.