The Association of Mortgage Intermediaries (AMI) has responded to the FCA’s Mortgage Rule Review consultation and cautioned that good advice is crucial to the proposals working well for consumers. AMI does not believe the FCA’s proposals can be effectively implemented without advice. While lenders have a role through timely communications, advice can provide an important opportunity for review and constructive challenge. AMI has recommended that lenders signpost consumers to advice when executing interest-only product transfers, helping support informed decisions and good consumer outcomes. AMI has recommended that lenders signpost consumers to advice when executing interest-only product transfers, helping support informed decisions and good consumer outcomes.