Earn Extra Money As A Homeowner
August 21, 2008
In times like these, many people want to earn some extra money. According to research from Abbey Mortgages, homeowners could be missing out on an extra £63.4 billion per year by missing out on the opportunity to rent spare bedrooms to lodgers.
More than 18.2 million homeowners have one or more uninhabited spare bedrooms. The average monthly asking price is £289 per month so a homeowner with a spare bedroom could earn an extra £3,468 per year.
By joining the Government’s ‘rent a room’ scheme, they could earn up to £4,250 rental income each year tax-free (that’s gross, i.e. before expenses). This Rent A Room scheme is an exemption scheme to allow people to earn income by renting furnished accommodation in your main or only home.
This subject is covered in CeMAP training too, and Read more
The Role & Qualities Needed To Become A Mortgage Advisor
August 20, 2008
A mortgage advisor is a person who helps customers to find a mortgage that is right for them and their personal circumstances.
To become a mortgage advisor you must first undergo CeMAP training, which can be done either on a specialist
CeMAP course or on a home study CeMAP course. The person must then Read more
Stay focused during your CeMAP exam
August 19, 2008
When it comes to actually sitting your CeMAP exam you’ll probably feel a lot of pressure to succeed. This is only natural, and something that you shouldn’t worry about. If you remember your CeMAP course, remember your revision and stay calm you’ll be fine during your exam.
A little nerves can actually be beneficial prior to your exam as it can help to motivate you, however it doesn’t help to become too nervous during your exam as it will impede your performance, so try to stay calm as much as possible. Read more
FSA To Overhaul Mortgage Advice Remuneration
August 18, 2008
If you are considering doing CeMAP training to become a mortgage advisor, then this will be of great interest to you.
Insurance company Zurich conducted research recently, which showed an alarming statistic. It revealed that more than half of adults in the UK have never sought financial advice and around 20 per cent thought it was too expensive. In fact, one in eight relied on friends and family for advice. Read more
Revision tips for your CeMAP exam
August 17, 2008
When you’re revising for your CeMAP exam you need to make sure that you make the most of your revision time, as you have a lot to cover and can’t afford to leave anything out. Therefore you should try to avoid any unnecessary stress you may put yourself through by revising in plenty of time and avoiding any of that last minute cramming that many people put themselves through.
It’s also important when you’re revising to give yourself a mental break and enjoy yourself. Working solidly every available minute won’t help you to absorb the information you need, so have fun during your revision period. Plan a revision timetable and allow yourself time to go out, watch a film and wind down. Read more
FSA Bans Another Mortgage Broker
August 16, 2008
For those people looking at CeMAP training currently, all the latest information in the news about the Financial Services Authority (FSA), falling house prices and mortgage advisors could be quite worrying.
Only this week, the FSA has banned yet another mortgage advisor for life from giving mortgage advice, this time for filling out fraudulent mortgage application forms to get a mortgage for himself and for an employee.
The mortgage advisor, Omotayo Fawole, who runs Oasis Mortgage and Financial Services in London, was also fined £100,000.
This is the eighteenth mortgage advisor banned Read more
Why Do I Need The CeRER Qualification?
August 15, 2008
CeRER stands for Certificate in Regulated Equity Release (CeRER) and it is a relatively new qualification, hence at the time of writing there are not many CeRER training courses around.
Since the 6th April 2007, Equity Release has been regulated by the Financial Services Authority (FSA). This includes Lifetime Mortgages and Home Reversion Plans, both of which will be explained in more detail in later articles.
As part of these new regulatory requirements, anybody who wishes to advise on Equity Release in any form must have the appropriate qualification, i.e. the CeRER qualification. Read more
Should I Buy A Mortgage Franchise?
August 14, 2008
Many CeMAP course delegates consider this question at some point or another, and the answer can often depend on personal circumstances. However, one thing that every person considering taking a
CeMAP training course should ensure is that the company offering the CeMAP training is not just intent on getting them through the CeMAP exam in order to then take £6,000, £9,000 or even more off them in order that they can join their ‘mortgage business franchise’.
Many companies that do this are offering their delegates and expensive and often unnecessary mortgage franchise. If a company is affiliated to a particular mortgage franchise business, then one has to question how that company can offer a delegate impartial advice or assistance in what to think about after their CeMAP training.
One could argue that a CeMAP training provider is not Read more
What Makes A Good CeMAP Training Course?
August 13, 2008
This is a frequent question. After all, there seems to be hundreds of different CeMAP training courses out there, so how can someone choose the best course for them?
Here are our top tips for making sure you choose a good, high-quality CeMAP training course:
- Number of candidates: a good training course will limit the number of students on a course to a maximum of 10 or 12 delegates per course. This is to ensure that the trainer can give enough individual attention and ensure that nobody is left out. It also helps the delegates as it is less intimidating and everyone can learn from each other
- Trainer’s experience: the trainers on every course should be fully CeMAP-qualifed themselves and have taken all the courses include CeMAP 1, 2 and 3 exams. They should also have experience of teaching – it isn’t enough to know the matieral, they have to know how to communicate that material to people from Read more
Finding A Job After CeMAP
August 12, 2008
Some people are lucky and they have a job in the financial industry before they get their CeMAP. Many companies will pay to put their staff through a
CeMAP training course and the exams, and many companies use Beacon Financial Training for this purpose, however, there are also many of those who wish to get into the financial industry and so they choose to put themselves through the CeMAP exams. Some of them choose a
CeMAP Home Study Course and others choose a course held at a centre close to them but each of them has the same concerns. Once CeMAP training is complete and the CeMAP exam has been passed, the question is then what to do next.
After the exam, the newly CeMAP-qualified individual needs Read more
