The firm will offer whole of market packaging in both the conforming and non-conforming sector to directly authorised intermediaries come November 1.
Andy Soteriou, currently managing director of Ambassador Finance, will head the new company as managing director with AMF London's managing director Helen Hymos as director.
Soteriou says: “It seems an obvious step to bring the experience and reputations of these well-established companies together to form AMF One Stop Mortgages”.
Hymos says: “FSA regulation is about best advice which means best service and products. We believe we will provide this across the whole niche marketplace for conforming and non-conforming cases. We want intermediaries to use us as a one-stop shop for all their business.”
The move has drawn strong support from lenders.
John Maltby, group chief executive of Kensington, says: “Here we see two strong organisations with different synergies and areas of expertise coming together and, in doing so, strengthening their proposition and the packaging community as a whole”.