Pure Retirement has become the latest lender to join the Intermediary Mortgage Lenders Association (IMLA), bringing IMLA’s membership total to 66, comprising 54 full members and 12 associate members.
Pure Retirement currently boasts a portfolio of £5bn of loans under management, and provides older homeowners with innovative retirement solutions, offering its range of flexible lifetime mortgages exclusively through intermediaries and is the first later life-only provider to become a member of IMLA.
Scott Burman, Head of Distribution at Pure Retirement, will represent the lender at IMLA meetings.
As a full member of IMLA, Pure Retirement joins a cohort of lenders responsible for more than 90% of the UK’s gross mortgage lending.
Kate Davies, Executive Director of IMLA, commented:
“We are very pleased to welcome Pure Retirement to the IMLA fold. While a number of our existing members operate in the later lending market, Pure Retirement is the first member to focus exclusively on this sector, and we look forward to learning from their perspective and working together to improve the ways in which the financial services industry serves older customers.”
Scott Burman, Head of Distribution at Pure Retirement, added:
“We’re really proud to be joining IMLA, especially as we’re the first dedicated later life lender to do so. Joining IMLA highlights the way the lifetime mortgage space is being increasingly viewed as an effective and mainstream financial planning tool, and we look forward to representing the sector within the association going forward and drawing attention to the ways it’s been helping Britain’s over-55s to achieve their financial goals.”
For further information please contact:
Paula John, Paula John Communications
Tel: +44 (0)7973 435 299
Email: paula.john@imla.org.uk
Notes to Editors
About IMLA
The Intermediary Mortgage Lenders Association (IMLA) is the trade association that represents mortgage lenders who lend to UK consumers and businesses via the broker channel, and associate providers. Its membership of more than 50 banks, building societies and specialist lenders includes 18 of the 20 largest UK mortgage lenders (measured by gross lending) and accounts for over 90% of mortgage lending (91.6% of balances and 92.8% of gross lending).
About Pure Retirement
Pure Retirement is a Leeds-based, award-winning lifetime mortgage provider who work closely with the Equity Release Council to educate advisers, bringing more of them into the market to meet ongoing consumer demand. Pure Retirement is a trusted name within the equity release industry, leveraging its expertise and insight into thought leadership campaigns and relevant topics across the market.