A new trade association aimed at cleaning up the public image of mortgage
advisers and helping them cope with regulation is to be launched next year.
The National Association of Mortgage Brokers and Advisers, headed by
former freelance compliance consultant Julian Jennings as chief executive,
is aiming to recruit all 14,000 firms registered by the Mortgage Code
Compliance Board by the time of its proposed launch next January.
Namba wants to create a professional body which establishes a more
positive profile for brokers while working hand in hand with the MCCB to
help advisers with forthcoming changes to the mortgage code.
Jennings is pledging to represent the views of members to the Government
and regulators and will issue press releases to trade and national media.
He is looking for sponsorship after claiming a commitment from 98 per cent
of advisers in a feasibility study.
Jennings says: “Forming a trade association helps promote the view that
giving mortgage advice is a professional service and will bring clarity and
order to the marketplace.”
An MCCB spokesman says: “We support the formation of a trade association
for mortgage intermediaries as there is a clear need for one.”