David Finlay to serve second term as IMLA chairman

Members of the Intermediary Mortgage Lenders Association have re-elected Barclays managing director for intermediaries David Finlay as the trade body’s chairman for 2014.

Finlay, IMLA’s first chairman from a mainstream bank, will serve a second year as chairman alongside Aldermore managing director of residential mortgages Charles Harensnape, who retains his role as deputy chair.

Paragon Mortgages managing director John Heron, Virgin Money director of intermediary sales Richard Tugwell and Coventry Building Society head of intermediary sales Kevin Purvey will stay on as IMLA directors for 2014 following a unanimous vote among members.

Finlay says: “This vote represents a resounding show of confidence in IMLA’s current direction and the vital role it has to play in address the key issues that are emerging as the market resumes its growth.

“The return of consumer confidence promises to be an important legacy of 2013 but there is still a pressing need for a longer term strategy.

“The market has changed dramatically in the last twelve months but there is a long way to go to restore full health. Pressing decisions need to be made to protect the future balance of funding, regulation, house building and lending activity.”

IMLA executive director Peter Williams says: “A continuing focus on quality and professionalism will put the intermediary channel in pole position to support the upward trajectory of the market.

“With the Mortgage Market Review implementation and other challenges ahead, IMLA will continue to draw on the expert views of its diverse membership, which includes some of the most experienced figures in our industry.”