The Association of Mortgage Intermediaries (AMI) board has elected Andrew Montlake, managing director of mortgage broker Coreco, as chairman.
Mr Montlake is currently deputy chairman at AMI, and will be taking over the position from Martin Reynolds, chief executive of SimplyBiz Mortgages, on January 1.
Mr Reynolds, who is stepping down after three years in the role, said it had been a “privilege” to represent the industry.
Commenting on his appointment, Mr Montlake (pictured) said it was a “real honour” to be elected.
He said: “Being a chair who is a mortgage broker at heart, still advising clients, will help us show empathy with our members, be more reflective of both their and their clients’ concerns, and give credence to our discussions with regulators, especially in these challenging times.
“I would urge anyone who has not engaged with AMI previously to do so; we are all stronger together and your voice is needed.”
Mr Reynolds added: “It is fantastic to have our first practitioner as chair and I am sure that Andrew will use his influence and knowledge to continue to shine the positive light on the mortgage and protection advisers that we serve.”
The AMI represents the views and interests of mortgage brokers, working with government, regulators and policymakers to ensure the mortgage industry meets the “highest” standards.
chloe.cheung@ft.com
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