Others will take place in Glasgow and Aberdeen.
The alliance has been established to raise the profile of mortgage intermediaries in Scotland. It aims to establish a ‘Kite Mark’ which will be associated with professional service giving consumers the assurance they seek.
Colin McCallum a regional Chairman for AMI Scotland has worked on the project with Kevin Friend former general manager for The Mortgage Operation Scotland.
The MIAS proposition is strengthened by an alliance with Opus, the Glasgow based mortgage administration company and Adventi, the award winning Scottish IT support company who are offering MIAS members an exclusive service. Jim Spowart former CEO at Intelligent Finance now a director of Adventi is supporting the alliance says: “This alliance is good for Scotland,” he adds: “with regulation being introduced in October it is vital IFAs are given support in order to maximise their business opportunities, compliance and security of customer data is also a major issue.”
The alliance is also supported by Compliance First one of Scotland’s prominent compliance companies, it will help implement compliance policies and issues under FSA regulation.
Colin McCallum CEO says: “By creating an alliance, our members will be able to address and resolve issues. The alliance can use its collective influence to work to improve awareness with both lenders and the public. Enquiries from the public will be given to members”
Kevin Friend adds: “we are delighted with the support from lenders; £100m of funding has been agreed for exclusive prime and specialist lending products to be launched in May.”
The Chartered Institute of Bankers Scotland are also working with the alliance to provide Continuous Professional Programmes for members.
MIAS expects up to 1000 mortgage intermediaries to register by Nov 2004 with 400 already registering an interest.
