Industry concern is mounting that AMI chairman Charles Gooding's decision to launch his own mortgage network could damage the trade body's reputation.
Matt Grayson, spokesman for BM Solutions, says: “Any controversial situation like this creates reputational damage. However, it is expected that the good work AMI has done will outweigh negative coverage in the long-term.”
And IMLA deputy chairman John Heron adds: “AMI is in charge of its own destiny.”
Charles Gooding says: “Myself and a number of colleagues who were involved in setting up NAMBA wanted to make sure the transition to AMI was successful, which it was. As far as we're concerned, this hasn't changed.”
Over 1,700 people voted in Mortgage Strategy Online's straw poll over the past week with 81% believing AMI's reputation has been damaged by Gooding.