IMLA announces Proportunity Loans as latest member

Proportunity Loans has become the latest firm to join the Intermediary Mortgage Lenders Association (IMLA).

The specialist mortgage lender provides second charge top-up loans which are similar to Help to Buy but regulated and available on any eligible home.

IMLA confirmed that its addition of Proportunity as an associate member means the trade association’s membership now spans 44 banks, building societies and specialist lenders, along with 12 associated mortgage service providers.

Proportunity head of lending, Matthew Froggatt, will be the firm’s representatives.

IMLA executive director, Kate Davies, commented: “Proportunity offers an innovative solution to aspiring homeowners aimed at helping them to meet affordability requirements, an issue faced by many since the introduction of the Mortgage Market Review in 2014.

“We are delighted to welcome them into membership and look forward to hearing more from the team at IMLA’s upcoming meetings and roundtable sessions.”
Proportunity CEO and co-founder, Vadim Toader, added: “Amidst an unprecedented period, we are pleased to bring to market a creative solution for those wanting to buy a home.

“As part of our brand journey, we are excited to have joined IMLA’s membership, which will provide significant opportunity to collaborate with the wider market. We look forward to meeting with IMLA’s wider membership over the coming months.”

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