The lenders association now has a total of 66 full and associate members
Lifetime mortgage lender Pure Retirement has joined the Intermediary Mortgage Lenders Association (IMLA), bringing the association’s total membership to 66, consisting of 54 full members and 12 associate members.
With a portfolio of £5 billion in loans under management, Pure Retirement specialises in delivering retirement solutions to older homeowners. It exclusively offers its flexible lifetime mortgages through intermediaries, distinguishing itself as the first later life-only provider to become a member of IMLA.
As a full member of IMLA, Pure Retirement now aligns with a group of lenders collectively responsible for over 90% of the UK’s gross mortgage lending.
Representing Pure Retirement at IMLA meetings is Scott Burman (pictured), the head of distribution for the equity release specialist.
“We’re really proud to be joining IMLA, especially as we’re the first dedicated later life lender to do so,” Burman said. “Joining IMLA highlights the way the lifetime mortgage space is being increasingly viewed as an effective and mainstream financial planning tool.
“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.”
Kate Davies, executive director at the Intermediary Mortgage Lenders Association, welcomed 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,” Davies reiterated. “We look forward to learning from their perspective and working together to improve the ways in which the financial services industry serves older customers.”
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