The Intermediary Mortgage Lenders Association (IMLA) has confirmed the re-election of its existing board following last week’s Annual General Meeting, with Kevin Purvey taking on the role of chairman from 1 December 2015.
Purvey 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 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 1 December.
IMLA’s membership now includes 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.
Purvey said: “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.”