The objective is to build an effective trade body which will represent mortgage intermediaries.
NAMBA asked AIFA to become involved because it wishes to draw on AIFA's direct experience of setting up a trade association which represents intermediaries.
As regulation of the mortgage sector draws ever nearer, mortgage intermediaries urgently need representation to Government and the FSA on the formulation of policies and rules for the industry. AIFA has considerable experience to offer NAMBA in this area.
Financing of the trade association will come from the mortgage industry. NAMBA has secured initial sponsorship from several sources. AIFA's income from membership will not be used to finance the starting-up and on-going costs of the association.