AMI is the trade body representing UK mortgage intermediaries. We act to maintain a positive and ethical business environment for our members by working with politicians, regulators and other industry bodies. Our objective is to promote the provision of good advice as an essential part of a healthy market for mortgages, which operates in the interests of consumers. Our current policy priorities are: 1. Provision of advice – the right of consumers to quality advice and product choice 2. The role of technology in supporting regulation, competition and advice through consistent application of FCA principles and rules 3. Cost of regulation – FSCS funding 4. Cost of regulation – FCA fees 5. Extension of the Senior Managers and Certification Regime 6. Supporting mortgage prisoners 7. Housing which supports consumer needs whether that be ownership or rental 8. Product innovation in the later life market 9. Quality of examination standards which support high quality, full, mortgage advice 10. The fraud and quality agenda 11. Awareness of wider products particularly advising on protection to enable good customer outcomes As well as representation and a voice within the industry, annual membership of AMI includes: • Regular updates on legal and regulatory issues impacting the mortgage market via our Newsflashes and our monthly Connect newsletter • Access to the members-only area of our website, where you can view industry thinking and insights and download our technical guidance. You can also access our Quarterly Economic Bulletin which presents the current economic highlights and a view on where these key indicators may move in the future, including the impact on the housing and mortgage markets. • Access to our support helpline giving specialist advice on compliance, regulation and other matters. • Access to the AMI logo to use on your website and letterhead to help promote your business • Full voting rights with and the right to stand for election to the AMI board
External link for The Association of Mortgage Intermediaries
314 Midsummer Boulevard
Milton Keynes, England, GB
The Association of Mortgage Intermediaries reposted this
Robert Sinclair MBA,FICB from The Association of Mortgage Intermediaries (AMI) expressed concerns regarding a new policy by Lloyds Banking Group, which imposes caps on broker fees for mortgage services, effective June 1. https://hubs.la/Q02w0kdW0 #mortgageindustry #mortgagebroker
AMI Chief Executive Robert Sinclair shares his thoughts on the complexity and value of the adviser's role today.
The ebbs and flows of the mortgage market has impacted customers significantly economically, emotionally, and mentally. 🏘 🧠 Our latest Specialist Lending study is full of insights into the specialist mortgage market. We spoke with Robert Sinclair, The Association of Mortgage Intermediaries Chief Executive to gain his thoughts on our findings. 🔍 We understand the stresses you face and the crucial role you play. Watch the full video here: 👇 https://lnkd.in/ey4qC2Xi
*FCA Consultation on Fees & Levies for 2024/25* Firms may have seen that the FCA issued their annual consultation on the fees charged to firms on Tuesday 9th March. As the trade press has already covered, these proposals are a slap in the face to mortgage brokers. At time when we are seeing falls in most firms' profitability, the FCA is planning a mind-boggling, inflation-busting rise of 8% in fee rates to deliver a 9.9% increase in the cost of supervising mortgages. This excludes the Network supplement. They are giving us five weeks to respond to the biggest rise in fees ever on a market functioning responsibly with low inertia. AMI will be reviewing these proposals carefully and discussing the required response with the AMI Board. We will be objecting to the extent of these increases in the strongest possible terms.
The Association of Mortgage Intermediaries reposted this
We’re at the Primis event at Wembley today, feel free to come and say hi 👋
📢 *New* Consumer Duty factsheet published on annual assessments for directly authorised firms 📢 Member firms can now access AMI's latest factsheet on preparing for the Consumer Duty annual assessment, due by 31st July 2024, which: ✅ Highlights core requirements and additional considerations for firms, with reference to FCA firm guidance. ✅ Breaks the planning process down into 5 steps. ✅ Explains how expectations differ according to firm size and structure, and FCA recommendations for smaller firms. It can be found under the General > Annual Assessments heading on our dedicated Consumer Duty Factsheet Library (link in the comments below 👇👇👇) **It's important to start preparing now, as the annual report and supporting evidence need to have undergone scrutiny and sign-off at senior leadership level by the 31st July deadline.** #consumerduty #annualassessment
The Association of Mortgage Intermediaries reposted this
Happy New Year to all our members and LinkedIn followers! Episode four of The Association of Mortgage Intermediaries' Consumer Duty podcast is out now: https://lnkd.in/eTpyjVgg In this episode Stacy Penn and Chloe T., both Senior Policy Advisers, look back at 2023 and forward to 2024 from a Consumer Duty perspective. The discussion focuses on: 💪 Challenges encountered by firms and how these have been overcome. 🌟 The opportunities presented by Consumer Duty, with real life examples of how firms have embraced the requirements. 🗓 July 2024 deadlines. 💡 How AMI will continue to support its members. #ConsumerDuty #podcast #mortgageintermediary #mortgagebroker #mortgageadviser #tradebody
Happy New Year to all our members and LinkedIn followers! Episode four of The Association of Mortgage Intermediaries' Consumer Duty podcast is out now: https://lnkd.in/eTpyjVgg In this episode Stacy Penn and Chloe T., both Senior Policy Advisers, look back at 2023 and forward to 2024 from a Consumer Duty perspective. The discussion focuses on: 💪 Challenges encountered by firms and how these have been overcome. 🌟 The opportunities presented by Consumer Duty, with real life examples of how firms have embraced the requirements. 🗓 July 2024 deadlines. 💡 How AMI will continue to support its members. #ConsumerDuty #podcast #mortgageintermediary #mortgagebroker #mortgageadviser #tradebody
In a recent webinar on Consumer Duty the FCA commented it is happy to see the level of support firms are getting towards embedding the Duty in the consumer finance sector, such as from trade bodies. 💭 Whether you are a firm looking for reassurance on work done to date or feel there are gaps in your implementation, AMI’s Consumer Duty factsheets can help. They are designed with mortgage intermediaries in mind and break down requirements and key concepts into bite sized chunks. 📄 With the FCA re-iterating that Consumer Duty is not a ‘once and done’ exercise, the factsheets also serve as a useful tool to spark ideas within businesses and help ensure that Consumer Duty doesn’t lose momentum. Are you an AMI member? The factsheets can be accessed here: https://lnkd.in/eHtKnEEM Not an AMI member and keen to find out more? Visit our website: https://www.a-m-i.org.uk/ or comment below and one of the team will be in touch. #ConsumerDuty #tradebody #mortgageintermediary #regulation
Did you know you can access additional #AMIViewpoint protection content? 📖 Firm case studies showcasing mortgage intermediaries' approaches to topical areas such as Consumer Duty, social media and helping customers to keep policies in force. 📹 Videos featuring consumers talking about the impact of the rising cost of living and their perceptions of advice. Link can be found in the comments. ⬇ #AMIViewpoint #protection #consumerviews #mortgageadviser #mortgagebroker
What is the role of a trade body? 🤔 In this article, originally published in TMA Club magazine, Senior Policy Adviser Stacy Penn: ➡ Explains AMI's role and remit. ➡ Highlights success stories from the last 24 months. Read here: https://lnkd.in/eQ63mQJW #tradebody #regulatory #lobbying #mortgagebroker #mortgages