In addition, AMI has provided a summary paper outlining some of the key issues facing the mortgage market. Responses received will form part of a wider paper that AMI will submit to FSA prior to the release of its proposals for the mortgage market in September.
Robert Sinclair, Director of AMI, said: "FSA is already forming an internal view of the market and the regulatory structure necessary to manage it. We only have a short window of opportunity to fully engage.
"It is time for the industry to come together. We have an ideal opportunity to develop solutions and provide input to FSA that provides consumers, advisers and lenders with a market that works equally well for all parties.
"We would encourage all our members, and any other interested parties, to contribute to this key debate. This is a real opportunity for members to shape the future of their industry."
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