Become a Mortgage Adviser
How to become a mortgage adviser
To become a mortgage adviser candidates must first pass a professional qualification such as CeMAP®. CeMAP® (The Certificate in Mortgage Advice and Practice) is the benchmark professional qualification for any candidate that wants to provide UK mortgage advice as a mortgage adviser. UK mortgages are regulated by the Financial Conduct Authority (FCA), which requires all advisers to attain the relevant qualification before they can do so. CeMAP® is a London Institute of Banking and Finance Regulated Qualifications Framework (RQF) Level 3 qualification and is listed as an appropriate qualification recognised by the FCA. Candidates that want to prove to a future employer that they have commitment and a higher level qualification than the standard mandatory level 3 can take The CeMAP Diploma (Regulated Qualifications Framework (RQF) Level 4).
Skills and role of a Mortgage adviser
A mortgage adviser will recommend to their clients which is the most appropriate type of mortgage in order to buy a property. Advisers must use their skills and expertise to establish client affordability and suitability from a vast range of products. Advisers must also assist their clients to protect their mortgage and property by selling the most appropriate insurance products including life cover, income protection and property insurance. Advisers can work as either an employed adviser and get paid a salary or as self-employed where they can charge a fee or receive commission from the lender and insurance company.
- Meeting with clients to discuss their current circumstances to establish affordability and suitability.
- Select the most appropriate products from the vast range available.
- Explain complex financial information simplistically to clients.
- Explain the features, benefits and risks of the products recommended.
- Excellent communication skills, both verbal and written.
- Honest, trustworthy and ethical.
- Sociable and friendly.
- Hardworking and diligent in order to keep their knowledge up to date.
- Organised – Advisers must be organised in order to maintain adequate records in order to remain FCA compliant.
The CeMAP® Diploma is a Regulated Qualifications Framework (RQF) Level 4 qualification for mortgage advisers. The CeMAP® Diploma enables mortgage professionals to gain a qualification above the existing level 3 CeMAP® qualification, giving them an advantage and demonstrable technical knowledge and ability above requirement. Candidates must already be CeMAP qualified before they can commence the CeMAP diploma. To register for The CeMAP Diploma the exam and registration cost is £495.00, this is payable separately and paid direct to the LIBF. There are currently 3 registration intakes per year:
- September to December
- December to April
- April to August
The CeMAP Diploma covers numerous subjects including regulation, market mechanics and mortgage theory, the course will clearly emphasis and enrich your understanding and knowledge of the mortgage market. The Advanced Mortgage Advice qualification comprises of the following two assessments:
- Multiple choice questions: 50 multiple-choice questions (90-minute objective exam). A total of 50 marks are available and the pass mark is 70%.
- Coursework: A total of 100 marks are available for the coursework and the pass mark is 50%.
How Clarity run the course
We fully appreciate the level of knowledge required to pass your level 4 CeMAP® Diploma with confidence.
Ways to Study
At Clarity Financial Training Ltd we are committed to offering you choice and convenience, so we have various study options to gain your LIBF qualification available for you to choose from. At Clarity FT we offer CeMAP® distance blended learning, as well as DipFA® In-House training and CeRER® one-to-one. If you prefer the traditional classroom setting you can select this option. If you live some distance from London and cannot commit to the overnight stay try our other methods, either our on-line web tutor which is run real time, blended/distance learning or in-house (subject to minimum numbers) or if you prefer the personal touch have an exclusive one to one session. Click on the following and read for yourself which option best suits you.
We Offer the CeMAP Diploma qualification via the following study options (please check the individual modules):
Choose the solution that suits you. Book now.