PMPA to launch Unity Homeloans next Monday

As exclusively revealed by Mortgage Strategy in September, the Professional Mortgage Packagers Association is officially launching its lender Unity Homeloans next Monday.

Billed as the first lender to be formed by intermediaries for intermediaries, Unity will be having its launch party tomorrow in London at the offices of backers Investec. Ian Nelson, chairman of BDS Mortgages, will be serving as chief executive officer of Unity.

Backing the startup is Investec, who also fund sub-prime specialists Infinity Mortgages. Founded in Johannesburg in 1974, today Investec is an international specialist banking group, working in South Africa, the UK and Australia, providing a wide range of financial services and products.