Vic Jannels, Director of PR and Marketing of PMPA, said:
"For a long time now PMPA have clearly stated their position in that any body proposing to represent the interests of mortgage introducers from a regulatory point of view should be able to demonstrate independence and not be financially motivated. We are happy that AMI fulfil this role and they have already shown how influential they can be in recent dealings with the FSA in the run up to regulation. We have been impressed in their ability to represent the views of their members by lobbying and achieving substantial changes in proposed legislation. We are happy to join them to the benefit of our own members who, in 2004, will be responsible for some £8 billion of mortgage completions."
Chris Cummings, Director of AMI, said:
"AMI is delighted that PMPA have decided to support the industry's trade association. Our work with the FSA and FOS is clearly showing that the regulators listen to informed industry representations. One of the reasons for this is that we can show our membership is growing so quickly and we are enjoying wide support."
