ADMA has appointed the Kingsland Consultancy to maintain and update the compliance section of its website in the run-up to and beyond ‘Mortgage Day’.
Martin Gilsenan, director at ADMA, explained that ADMA was originally established as a short-term measure operating as an independent non-profit making association by seven mortgage distribution companies aimed at their introducers who were confused about regulation.
He said: “Initially it was a case of running regulation workshops with Kingsland aiming to impart knowledge to introducers before the April 1 application date. It turns out that a number of brokers have stuck their heads in the sand so we are offering our support to help take away the fear factor that regulation has brought. We are not trying to be AMI, we are simply aiming to support small and mid-sized firms.”
Karen Monaghan, managing director of Kingsland, said: “We are pleased to be working with ADMA. The need for brokers to have accurate and accessible information on compliance issues has never been greater and ADMA fills that need.”
London-based sole broker Roy New said: “The FSA are writing to us keeping us informed and AMI has been excellent. This sounds interesting. The more information that we can gather the better as long as we don’t have to pay through the nose for the privilege.”
