Ami launches retention business factsheet

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The Association of Mortgage Intermediaries (Ami) has launched a new factsheet for members dealing with retention business.

The factsheet has been designed to help Ami members deal with retention business and the issues surrounding regulated/unregulated contracts that may arise. It covers compliance issues when reviewing existing mortgage arrangements and additional issues that will be raised where a client has an existing unregulated mortgage – taken out before 31st October 2004. Rob Griffiths, associate director at Ami, says: “As a growing number of lenders offer increasingly competitive deals to existing customers, mortgage intermediaries may be recommending for their clients to stay with their existing...

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