View more on these topics

IMLA looks ahead as chairman quits

The Intermediary Mortgage Lenders Association is in the process of electing a new leadership, with current chairman Tony Ward stepping down.

Ward, also chief executive of Britannic Money, has opted to step down following two years in the post. Seven unnamed nominations have been received for the posts of chairman, vice-chairman, and two additional management committee positions.

Nominees have been entered into a members&#39 ballot and winners will be selected on a first-past-the-post basis, with the outcome due to be announced next week.

Ward told Mortgage Strategy: “I will not be putting myself forward for the chair for the next year. After enjoying being in the post for two years running it is a long time and it&#39s time for someone else to be in the seat. No chairman has served longer than two years and it may be dangerous for the body to become too closely associated with a single figure.”

Ward added that regulation and the representation of the intermediary market would be the foremost issues facing the incoming chairman, who will take the post in January. IMLA&#39s management committee drives forward issues such as intermediary representation or CP146 after consulting with members.

IMLA vice-chairman, former chairman and Paragon Mortgages managing director John Heron, refused to speculate on his position or that of the other posts but refused to deny his interest in the chairmanship again.

Recommended

Sub-prime packager unveils £3m incentive scheme

Sub-prime mortgage packager The Finance Centre is to launch a major incentive scheme to intermediaries worth nearly £3 million over the next five months. TFC will unveil the venture at the Business Expo 2002, which is being held at London&#39s Earl&#39s Court and Olympia exhibition centre. At the event, a total of 8,000 vouchers – […]

Self-cert valuable weapon, says BMS

Recent speculation has focused on a small minority of brokers abusing self-certification mortgages by overstating the income of their clients, putting the industry&#39s reputation and the client&#39s future at risk. And all for the chance of a quick sale. Cowboy brokers jeopardise the relationship with their client and also with the lender to which they […]

£4,000 pay weighting urged for London staff

National pay scales for public workers should be replaced by regional rates to give essential staff in London a minimum weighting of £4,000 a year, according to a new report. A study by London First, a business-led partnership, designed to find solutions for the capital&#39s growing shortage of affordable homes, also calls for people earning […]

My mortgage week – Chris Fleetwood

Monday: The day starts at 3am, consulting with number two son (aged 4) re his &#39projectile vomiting without hitting the duvet&#39 technique. At my desk by 9, feeling less than fabulous. Visit to Future Mortgages&#39 head of sales, Clive Wilson in Reading to discuss a client&#39s new sourcing system. Having comprehensively fried my super-modernistic laptop […]

Newsletter

News and expert analysis straight to your inbox

Sign up