Chris Cummings, Director, AMI said,
"We are delighted to welcome Essential Mortgages to membership of AMI. This firm has an excellent reputation in the industry and is seen as one of its leaders. The FSA is listening to AMI's views on regulation and we are achieving this level of influence thanks, in part, to the fact that our membership is growing so quickly."
Mike While, Compliance Officer, Essential Mortgages Limited, commented:
"The transition to statutory regulation may seem daunting to most intermediaries, however a new dawn is approaching and it is critical that intermediaries maintain their position at the forefront of the mortgage market post October 2004."
"In Joining AMI, we fully endorse their sentiments in ensuring mortgage regulation remains appropriate to the level of risk that exists and together we will have a more effective voice to influence and lobby FSA and Government Departments on existing and future regulation".
AMI is currently signing up new members at the rate of 150 per week.
