AMI expects bumper year for mortgage advisers

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The Association of Mortgage Intermediaries (AMI) said it expects advisers' share of the mortgage market to increase markedly this year as a raft of changes boost their prospects.

AMI chief executive Robert Sinclair said the anticipated entry of new lenders to the market and pent-up demand from some three million homeowners who want to move or remortgage could see advisers' share rise from £70 to £82bn. Sinclair (pictured) said another market driver may be high cost of fully-advised sales pushing lenders toward considering outsourcing that service. "The road ahead is about to get better and better for you guys," he said at First Complete's Top Performers Conference. "If we do our job as advisers well, lenders will want to come to us to do more business." ...

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