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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”.


The Mortgage Union gains full authorisation from the FSA

Philip Head, managing director of The Mortgage Union says: “I am delighted to have received the authorisation, especially for all those ARs that have already committed themselves to The Mortgage Union. We have a broad product offering and a ground breaking software system, Xplorer, that researches the mortgage product, life assurance, GI and produces all […]

Rodea quits to join Cluttons

Rodea says: “Over the past seven years I have helped build leading mortgage brokerages for two major estate agency brands in Savills and Hamptons and I am keen to bring the experience and contacts I have developed during this time to Cluttons. “It is a challenge that I relish. I start in a few weeks&#39 […]

Fate of Miles review remains unclear

The review of longer term mortgages by Professor David Miles was published at the time of the Budget in March but there has been no feedback on the outcome of the consultation on the document. There was a muted response to a question raised at a discussion at the House of Commons last week, Financial […]

Vesta Packaging launches sub-prime mortgage

Its new start mortgage for purchase and remortgage permits unlimited arrears in the previous 12 months where the current lender is deemed a conforming lender and it will also accept applications, where the current lender is classed as sub prime, so long as any three out of the last six payments have been made and […]


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