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.”
Latest News
-
Chancellor revives ISA allowance reforms
-
Titan Wealth agrees acquisition of Blacktower Group
-
SIPP withdrawal requests jump 33% ahead of Autumn Budget
-
Savers increasing allocations to fixed accounts, research shows
-
Average mortgage rates creep up for first time in eight months
-
Air warns older borrowers could be in for mortgage shock
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories