The Association of Mortgage Intermediaries and the National Association of Commercial Finance Brokers are looking at ways of working more closely together in the future.
Mortgage Strategy has seen a memo from Keith Heron, chief executive of the NACFB, describing recent developments as an “opportunity to work together”.
He says: “As you are probably aware, NACFB members have a substantial share of the market and if we are able to bring in AMI members under a common code, I'm sure the industry, consumers and regulators would welcome the move.
“I have already agreed to meet Paul [Smee] to explore how we can further our relationship – co-operating on a code is a good start.”
However AMI has dismissed rumours that this could mean an eventual merger. Ben Stafford, policy officer at AMI, says: “These allegations are so far from reality, it's untrue.”