Early indications are positive for a merger between Sofa and the LIA, with proxy votes understood to be overwhelmingly in favour of the proposal.
It is believed that as many as 80 per cent of proxy votes so far received by the LIA are in favour of the merger.
The proxy votes are sent by those members unable to attend the extraordinary general meetings of the two bodies.
The LIA is holding an EGM for its members on Wednesday, October 13, with Sofa following two days later on Friday, October 15, when members who attend will be able to vote in person on the merger.
Timothy James & Partners director Robert Guy says: “This shows that the merger is likely to go ahead. When I first heard about it, I thought there would be issues but one way or another it will go ahead although there are likely to be a few more hurdles to overcome before we will get there.”
LIA head of public affairs John Ellis says: “It is looking positive but I could not possibly comment on numbers.”