Parity Trust is the latest lender to become a member of the Council of Mortgage Lenders (CML).

Parity Trust is the trading name of the Portsmouth Area Regeneration Trust group. It began trading in 2000 and was the first community development finance institution of its kind to be set up in the UK. It became regulated for mortgage products in 2010, and began providing shared ownership loans in 2014.

Parity Trust is currently expanding in response to demand for homes in housing projects. It caters largely for customers who are often unable to access loans from high street lenders, mainly as a result of deposit restrictions. It plans to expand its range of products in the coming months.

There are currently 125 members of the CML, an additional eight members that are third party administrators and 85 associates.