AMI calls for adviser-lender unity during credit crunch

The director general of the Association of Mortgage Intermediaries (AMI) also says he is confident those hit by the credit crunch will return to full strength when favourable market conditions return. In a market commentary released today, Cummings says: “At times of turmoil in the market the first thing to be hit is consumer confidence. Mortgage lenders and mortgage intermediaries are in the same market and we need to support each other.” He says borrowers need the assurance their lender will survive the crunch and intermediaries are there to provide that peace of mind. He also beli...