• Home
  • Multi-Asset
  •  
    Retirement
    • Pensions
    • Income
    • Investment
    • Regulation
    • Estate planning
    • Equity release
  •  
    Your profession
    • Adviser tips
    • Business models
    • Companies
    • People
  • Regulation
  • Tax planning
  • Protection
  • Diversity
  • Events
  • Whitepapers
  • Industry blogs
  • EM and Asia spotlight
  • Newsletters
  • ESG spotlight
  • Sign in
  • Events
    • Upcoming events
      event logo
      Professional Adviser's Working Lunches in partnership with Orbis Investments - 2019

      Join us in March for the Professional Adviser Working Lunch series in partnership with Orbis Investments.

      • Date: 05 Mar 2019
      • Knutsford, Leeds, Surrey, Bristol
      event logo
      Professional Adviser Working Lunches 2019 - Baillie Gifford & First State Investments

      Professional Adviser is delighted to announce the launch of the new Working Lunches in partnership with Baillie Gifford and First State Investments. Travelling across the UK to provide valuable market insights for Senior Financial Advisers.

      • Date: 13 Mar 2019
      • Southhampton, Worcester, Durham, Norwich, Liverpool, Exeter, Sheffield, Leicester, Nottingham
      event logo
      Professional Adviser 360 2019

      The highly anticipated Professional Adviser 360 conference is taking place on 25th April 2019 at The Brewery in London.

      • Date: 25 Apr 2019
      • The Brewery Chiswell Street London EC1Y 4SD, London
      event logo
      Retirement Planner Awards 2019

      The annual Retirement Planner Awards is taking place on Friday 14th June 2019. The Retirement Planner Awards aim to celebrate excellence in Retirement Planning and Pensions services. Submit your entries by 12th April.

      • Date: 14 Jun 2019
      • TBC, London
      View all events
      Follow our events

      Sign up to receive email alerts about our events

      Sign up
  • Whitepapers
    • Find whitepapers
      Search by title or subject area
      View all whitepapers
  • Sign in
  •  
    •  

      Personalise your on site experience

      Download and use the apps

      Access your subscription from outside of the office

      Get relevant news and insight straight to your inbox

      Sign in
     
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • RSS
    • Twitter
    • LinkedIn
    • Newsletters
    • YouTube
  • Register
  • Industry blogs
  • EM and Asia spotlight
  • ESG spotlight
Professional Adviser
Professional Adviser
  • Home
  • Multi-Asset
  • Retirement
  • Your profession
  • Regulation
  • Tax planning
  • Protection
  • Diversity
 
  •  

    Personalise your on site experience

    Download and use the apps

    Access your subscription from outside of the office

    Get relevant news and insight straight to your inbox

    Sign in
 
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Professional Adviser
  • Mortgages

AMI confident Abbey will continue to support advisers

ifa-meeting-3-small-jpg
  • By Scott Sinclair
  • 15 July 2008
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
0 Comments

The Association of Mortgage Intermediaries (AMI) says it hopes advisers and brokers will continue to be at the heart of Abbey's business plans after its owner Santander announced plans to merge the company with Alliance & Leicester (A&L).

Spanish bank Santander, which bought Abbey in 2004, said it has agreed a deal to buy UK lender A&L for around £1.26bn and immediately revealed it planned to combine the two businesses.

Chris Cummings, AMI director general, says: “Abbey is one of the lenders that has continued to support intermediaries during difficult times in the mortgage market and we are sure this will continue to be the case after any deal is secured.”

The proposed merger of the two former competitors has raised questions of consumer choice in terms of the consolidation of the market. It has also raised fears of job losses.

“The industry and the regulator will need to ensure that these questions are answered during the takeover period,” Cummings says.

But the AMI says it is confident the deal could lead to a stronger industry which “will ultimately benefit customers”.

“This potential deal represents positive news for the UK mortgage market,” Cummings says. “It is pleasing that a global player, like Santander, is willing to invest more capital in the UK at this time.

“It should provide much needed stability for the marketplace and a reassurance about the strength of the mortgage industry in this country.”

Contact:
Scott Sinclair
News Editor
020 7034 2636
[email protected]

IFAonline

Related articles

  • Beaufort promotes Balkham to CIO
  • Haywood to appeal GAM sacking
  • FinoComp launches client data analysis team for advisers and platforms
  • PA's Good News Bulletin: A weekly dose of positivity for advisers
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Mortgages
  • Santander

More news

Shane Balkham of Beaufort Investment
  • Managed solutions
Beaufort promotes Balkham to CIO

Clarke replacing Balkham

  • 22 February 2019
Tim Haywood
  • Investment
Haywood to appeal GAM sacking

'Unjust'

  • 22 February 2019
  • Wrap/platforms
FinoComp launches client data analysis team for advisers and platforms

'Deep-dive analysis of client behaviour'

  • 22 February 2019
Will
  • Tax planning
Aidan Grant: Probate fees - will deathbed planning come back to life?

Ways to mitigate April’s increases

  • 22 February 2019
What are the best equity income funds in the market?
  • Equities
Are these the best 'all-rounder' UK funds for income investors?

The best equity income funds examined

  • 22 February 2019
Back to Top

Most read

Three questions
Kim Jarvis: Top three adviser IHT queries - and how to address them
Will
Aidan Grant: Probate fees - will deathbed planning come back to life?
Schroders and Lloyds unveil financial planning business
Portafina 'considering legal options' after FOS sides with complainant
Harlequin adviser Allan McRoberts's firm declared in default by FSCS
  • About Us
  • Contact Us
  • Marketing solutions
  • Terms and conditions
  • Privacy and Cookie policy
  • RSS
  • Twitter
  • LinkedIn
  • Newsletters
  • YouTube

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017