BY AMI

It has long been AMI’s policy position to be supportive of the FCA, but always constructively critical where we consider they either do not fully understand the market or are being impelled by others in the wrong direction.  Two of [...]

1 month ago / No Comments

BY AMI

The Dear CEO letter to second charge lenders made fascinating reading.  Not the minor errors by one lender referred to by some commentators in the lead-up to its publication. The FCA has significant concerns, found poor practices and fears that [...]

1 month ago / No Comments

BY AMI

As well as the usual changes to tax thresholds and allowances, there are a few other changes that will take place this Spring. 1 April As part of the government’s efforts to raise standards in the rental market it has [...]

1 month ago / No Comments

BY AMI

For many decades the profile of mortgage lending remained largely unchanged. This has rapidly shifted in the past decade however, with notable changes including the lengthening of mortgage terms from 25 years to 35 years and a rise in the [...]

2 months ago / No Comments

BY AMI

As an industry the Board and membership of the Association of Mortgage Intermediaries (AMI) have positively supported and subscribed to both the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS) as important safety nets for consumers when [...]

2 months ago / No Comments

BY AMI

The FCA as part of its activity developing its “Mission” has recently issued a series of documents to allow input over its approach to consumers, competition and authorisation, with more to follow. AMI is disappointed that the content reads more [...]

2 months ago / No Comments

BY AMI

Unregulated activities have gained interest over recent years as compensation scheme claims against intermediaries have risen dramatically, with most claims relating to advice given on an unregulated product. As the firms mis-selling these speculative property schemes and unregulated investments have [...]

2 months ago / No Comments

BY AMI

As we have entered the New Year, the regulatory and legislative changes that we had seen from a distance are now just around the corner. The most rushed changes come from the Insurance Distribution Directive which applies to firms carrying [...]

3 months ago / No Comments

BY AMI

The New Year brings a new set of targets for our lender partners. Having seen another year of growth in volume in 2017, early discussions indicate that no-one is looking to take a step backwards in 2018. Indeed with many [...]

3 months ago / No Comments

BY AMI

The entire housing agenda is now at the heart of government policy with Theresa May picking up the baton on getting Britain Building as the domestic diversion to the Brexit negotiations.  She has now taken over after David Cameron ran [...]

4 months ago / No Comments