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Packager merger forms AMF One Stop Mortgages

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&#39s 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”.

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