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JEREZ 2006: AMI to stop lenders withholding client information

Speaking at the Mortgage Summit in Jerez today, Chris Cummings, director general of The Association of Mortgage Intermediaries, says it is issuing brokers with guidance on how to stop lenders withholding client information.

Cummings says: This is an issue I feel very passionate about. We get a lot of complaints at AMI about how lenders think the clients are theirs and they will not release their details once the case is complete.

He says that lenders often use the Data Protection Act as their defence, which is not acceptable.

He adds: We are going to put on the AMI website an agreed form of words that all brokers should put into a contract with the lender to allow ongoing access to the customers information once the case is completed.


DB Mortgages increases sales team

DB Mortgages has appointed a further two business development managers within the sales and marketing department.Neil Loader has been appointed divisional sales manager and will have responsibility for the northern division. His remit will also include the North West region, which includes Merseyside, North Wales and parts of Cheshire. Loader spent over eight years at […]

Wannabe inspectors could lose out

I received an email from Tory leader David Cameron last week. He says I’m right to be anti- Home Information Packs because they’re pants. Well, I paraphrase on account of limited space. And it wasn’t actually Cameron who wrote, it was his correspondence secretary.

Reynolds gets a World Cup grilling

Martin Reynolds, former head of sales at BM Solutions, found himself on the wrong arm of the German law last week at the England vs Trinidad and Tobago game in Nuremberg. Instead of enjoying the second half of the match Reynolds was instead questioned by local police after being scammed into buying a stolen ticket […]

Predicting rates is a dangerous game

As central banks around the world edge interest rates upwards and concern builds that the US Federal Reserve will follow suit, the consensus of opinion is that UK interest rates will finish the year higher than they are now.


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