Barclays managing director of intermediaries David Finlay has been appointed Intermediary Mortgage Lenders Association chairman, which marks the first time a chairman has been elected from a mainstream retail bank.
Finlay (pictured) will replace outgoing chairman John Heron, who is the managing director of Paragon Mortgages, on 1 December. Aldermore managing director of residential mortgages Charles Haresnape has been appointed deputy chair.
Heron was re-elected as a director on the Imla board, where he will sit alongside Virgin Money director of intermediary sales Richard Tugwell and Coventry Building Society head of intermediary sales Kevin Purvey.
Finlay says: “I am delighted to have been elected as chairman for IMLA, and that Charles Haresnape has agreed to work alongside me as deputy chair. John Heron has done a fabulous job for IMLA through a really dynamic period in the industry’s history, and will be a hard act to follow.
“Without pre-empting what we aim to deliver on behalf of IMLA members, we will continue to work closely with other trade bodies, particularly the CML and AMI, and hold regular dialogue with the regulator and government to influence their thinking for the benefit of the industry.”
Heron says: “I am very grateful to the outgoing board for their hard work and support over the last two years. Together we have reinvigorated IMLA as the representative body for intermediary mortgage lenders.
“The strength and diversity of the new board underlines the progress we have made – with a large retail bank, a ‘challenger’ brand, a leading building society and two specialist lenders for the general and buy-to-let markets.”