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Controversy could hit AMI&#39s reputation

Industry concern is mounting that AMI chairman Charles Gooding&#39s decision to launch his own mortgage network could damage the trade body&#39s 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&#39re concerned, this hasn&#39t changed.”

Over 1,700 people voted in Mortgage Strategy Online&#39s straw poll over the past week with 81% believing AMI&#39s reputation has been damaged by Gooding.


Charcol relaunches Federal Reserve mortgage

Charcol has relaunched its Federal Reserve Mortgage. This is a tracker mortgage based on the lower US short-term interest rates but without any currency risk whatsoever because all borrowing is in sterling. The initial rate is 2.99% to 30/09/04, after which the mortgage will track US$ three-month LIBOR plus a margin of 1.25% for 10 […]

em-homeloans adds to Platform-funded product range

Branded lender em-homeloans has announced three additions to its product range funded by Platform. The additions include a minor adverse self-certification product with a maximum LTV of 75%. There is a range of rates available from one to two-year trackers, where the reversion rate is LIBOR plus 2%. There are also two exclusives offering £650 […]

Outspoken Monty Burn to join MS as columnist

Mortgage Watchdog chairman Monty Burn has announced his retirement from broking and is to join Mortgage Strategy as a columnist. Burn, a former compliance officer, says it&#39s time for him to take a less active role. He says: “I have taken Mortgage Watchdog as far as I can on limited resources and the company must […]

Pink appoints London BDM

Pink Home Loans has appointed Chris Fyfe as business development manager for the central and north London region. Fyfe joins Pink from GMAC-RFC, where he held the position of regional sales executive. Before joining GMAC-RFC, Fyfe spent over five years with Mortgage Express in various departments including new business and business development, and was also […]

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]


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