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Packagers&#39 body aims to attract TMO and Pink

The new UK Association of Mortgage Packagers has set a deadline of one month to get the two biggest ind-ustry players on board.

The trade body was est-ablished last month with the aim of giving packagers a means of lobbying the Government and regulators but the two biggest organisations, Pink Home Loans and The Mortgage Oper-ation, say they have no plans to join.

UKAMP spokesman Tony Yorke says 21 packagers have expressed an interest in taking the body forward.

He says there will be a concerted effort to get the backing of TMO and Pink but both say they have no plans to join as they are unconvinced of the merit of a body only for packagers and not for intermediaries in general.

TMO managing director Mark Charlesworth says: “I do not think an organisation like this has the gravitas and weight required.”

Yorke says: “If the likes of TMO think the body has to be widened then we would be happy to talk to them as what they have to say must be valid.”

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