Tuesday, August 2, 2011

AMPD (Alliance of Mortgage Packagers and Distributors) Announces Its Closure


The Alliance of Mortgage Packagers and Distributors has announced the decision to finally close its doors.
Liza Campion, Director at AMPD says “This is not a decision that has been taken lightly but with the liquidity issues many lenders have suffered over the last few years there is still a continued lack of appetite to lend. Couple this with lenders constantly trimming financial support due to the economic climate; we really are left with no option.”
AMPD has continued to trade over some of the toughest market conditions on record and has completed in excess of £8 billion of mortgage completions since inception. . . . . . . .

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