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Skipton joins AMI

Skipton Building Society has joined the Association of Mortgage Intermediaries.

The society did over 90% of its lending through intermediaries in 2011.

Paul Darwin, head of intermediary lending at Skipton, says “We originated around £2bn of lending through mortgage brokers during 2011.

“Not only do we value our relationship with them, but we also recognise the increasingly vital role they play in helping consumers to navigate a course through one of the most subdued and complex mortgage markets in history.

“Therefore, getting involved with this industry body which represents the interests of mortgage intermediaries is a natural step for us.”

He added: “At a time when the mortgage market faces considerable regulatory challenge and change, joining the AMI will enable us to share and gain insight into the latest industry best practice, so that we can continually hone what we offer and ensure it remains relevant to the evolving needs of intermediaries.”

Skipton is already an active participant in the Intermediary Mortgage Lenders Association.

Robert Sinclair, director of the AMI, says: “The addition of Skipton to our membership brings additional strength to our organisation, and our goal of representing the broker community in the UK.

“With the challenges still facing the economy, including changing UK and European regulation, it is essential that the AMI remains a representative and democratic voice. With the vast majority of the industry in membership this is a voice that must be listened to. Skipton’s experience as a lender will add to our internal debate and ability to articulate the issues.”

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