View more on these topics

Smith steps down from AMI board in latest elections

Springtide Capital mortgage consultant Steve Smith has stepped down from the board of the Association of Mortgage Intermediaries after more than seven years.

In the 2016 elections, John Charcol’s Ray Boulger was re-elected to the Regional Constituency while Key Retirement’s Dean Mirfin was re-elected to the National Constituency.

On the Practitioner Constituency, Coreco’s Andrew Montlake and John Whyte of The Right Equity Release were re-elected, while Scott Taylor-Barr of Carl Summers Financial Services was elected.

Robert Sinclair

Legal and General director of housing partnerships Stephen Smith has been elected to the Mortgage Club Constituency while on the Network Constituency Sesame’s Mark Graves ad Countrywide’s Peter Curran have been elected.

AMI chief executive Robert Sinclair says: “This process ensures that the membership affirms that it is being properly represented. I would like to thank all those who stand for election which ensures a democratic process.

“I would also like to express my sincere thanks to Steve Smith of Springtide who is standing down from the Board after many years of service and support. I know this was difficult decision and would like to express my sincere thanks for his contributions over the years and hope that he may return at some time in the future.”



AMI calls out lenders’ unclear product transfer practices

The Association of Mortgage Intermediaries is calling out consumer harm coming from lenders’ lack of transparency around product transfers. In its quarterly economic bulletin, AMI said product transfer gross lending was now £80bn to £100bn, around a third of all mortgage lending, but that lenders refuse to say exactly how much. AMI said: “Customers face […]


Smith steps down as deputy chair of AMI

Legal and General’s Stephen Smith has stepped down from the position of deputy chairman of the Association of Mortgage Intermediaries. Smith, director of housing partnerships at L&G has been on the board of AMI since its inception over 12 years ago. An AMI spokesperson said the board “extends its deepest appreciation for the long service […]

Comment: Some customers are bombproof

For borrowers with a decent salary and a credible plan to repay their mortgage, interest-only products have a place The interest-only mortgage is a controversial product, referred to in some quarters as a ticking timebomb. The moniker results from the glut of deals agreed in the 1990s with borrowers who had no strategy for repaying […]


News and expert analysis straight to your inbox

Sign up