“ Slowly and gradually, these investment banks started to function as asset management firms as well.
It is especially difficult to secure a mortgage from the main high-street banks and lending institutions
because of their continuing stringent lending criteria such as
affordability calculations and income multiples,
despite government schemes to make mortgages more readily available.
The sole reason of formation of the AIBI was to make sure that all the new
banks that had started of comply to the specified
rules and regulations of banking and to ascertain that
every requirement was met. ”