AMI slams 'small few' ruining mortgage advice

The AMI says most intermediaries are honest and hardworking - adding “only a small few serve to damage the reputation of our industry” – and praises the FSA for highlighting this. Meanwhile, the Council of Mortgage Lenders (CML) says the FSA must ensure any guidance it offers firms is “clear and unambiguous”. Earlier today, the regulator published the findings of four thematic reviews into the mortgage advice arena, concluding there were still too many firms continuing to operate “well below standard”. AMI director, Richard Farr, says: “We do not condone poor practice, and therefore str...