The Association of Mortgage Intermediaries has revealed that it has received 37 applications for the 12 positions on its managing board.
There will be two local members drawn from firms made up of one to five brokers; two regional members from firms of six to 99 brokers, and two national members who will be representatives of 100-plus adviser firms.
There are also two positions for small networks of up to 1,000 brokers and two large networks made up of 1,001-plus brokers, plus three co-opted members.
As the vast majority of the current board members were co-opted when AMI was originally set up, there is the potential for a dramatic change in the make-up of the board.
The current board consists of Stephen Atkins, Ray Boulger, Chris Cummings, Charles Gooding (who is also chairman), Sally Laker, Mark Mountney, Simon Nicholson, Jayne Owen, Philip Ryley, Paul Smee, Stephen Smith and John Whitehead. It is estimated that the majority of members will reapply.
Chris Cummings, director of AMI, says: “We are delighted that so many of our members have responded by wanting to get involved.
“With the industry going through the changes it is, people being willing to give up their time shows the impact AMI has had after just one year. Being on the board is a direct way of influencing AMI policy.”