Where can I take my CeMAP exam?
May 11, 2009
CeMAP training courses are available all over the UK, in cities convenient to most people such as
Leeds,
Liverpool,
Manchester,
Birmingham and
London to name but a few, and if you are looking to study for the CeMAP exam then you can study a training course anywhere, even choosing to study online from home if you wish.
However, every month people question where they can take the actual CeMAP exam because they want to take the exam close to home. People often do not realise that the exam centres used for people taking their driving theory tests are the exact same places used for CeMAP exams and other exams in the financial industry, such as the CeFA or CeRER exams.
The financial industry exams are not taken every day in these centres so when you are ready Read more
CeMAP Exam Tips
May 10, 2009
CeMAP exams are much like any other exam you may have faced in your educational past. You need to revise for the CeMAP exam, you need to know your subject and most of all you need to be prepared for the CeMAP exam.
Revision can be difficult though, especially when you have the prospect of a daunting exam at the end of it. It’s best to organise your time properly and make sure that you don’t waste any precious revision time. Watching TV, reading magazines or chatting with your friends for hours isn’t going to help your revision, however doing it for a short spell of time will. Just like anything in life, you need to take breaks when revising for your CeMAP exam as your brain won’t be able to concentrate for hours at a time without regular breaks.
You’ll find that your concentration is much better when you take a break every 40 minutes to an hour.
The CeMAP exam explained
You’ll also find that by waking up earlier in the morning and revising straight away you’ll feel better and more confident about your exam prospects. There’s nothing worse that getting up late and realising that you’ve got a big day of revision ahead of you. Instead you could wake up before 7:00am and have 2 hours worth of revision completed before most people have started their working day.
The CeMAP exam is just like any other exam, but by planning your revision ahead you’ll find that you’re better prepared for the exam.
How can landlords survive the recession?
May 9, 2009
With the economic downturn and buy-to-let mortgages at an all time low, how can landlords be expected to survive the recession? Many landlords stretched themselves on their mortgage during the property boom and many are now struggling. Here are a few mortgage tips for landlords:
- Check the tenants: this has always been a good start for any landlord, but in today’s economic climate it is more important than ever. Renting a house to an estate agent used to be a secure thing, but is no longer the case. Make sure you complete the usual tenant references and any extra ones available
- Get a rent guarantee: not all landlords bother with rental insurance, but as unemployment is higher than it has been in years, you need to consider what you will do if the tenants cannot pay the rent and therefore how will you pay your mortgage?
- What is your estate agent doing: if you’re renewing a Read more
Mortgage market update
May 8, 2009
Having reported so many positive signs of housing market recovery in our recent mortgage articles, it seems the glimmers of hope may have been a little premature.
Experts had warned that the ‘green shoots’ may have been only a blip and unfortunately, the figures for April that have been released to date seem to back this up.
Despite reassurances from the Bank of England and the intervention of the Government, the number of mortgage products requiring a 40 per cent deposit has increased. It is good to see that the Read more
Consumers need mortgage advisors more than ever
May 7, 2009
Following recent publicity on mortgage lenders removing fees from certain mortgage deals or making innovative offers to attract first time buyers, it seems it is more important than ever for consumers to seek advice from a mortgage advisor before they commit to a mortgage deal.
It is particularly important to make sure that homeowners or potential homeowners check the small print of these mortgage deals, especially in the case of those offering ‘no fee’ incentives.
It is a common mistake for consumers to be attracted by the headline Read more
First time buyer incentives increase
May 6, 2009
The number and variety of incentives for first time buyers seems to be increasing with the Halifax, Abbey and the Co-operative Bank all advertising different incentives to tempt the first time buyers away from the competition.
The Halifax has been advertising that it will pay Read more
Mortgage lending increases – but not enough
May 5, 2009
Figures released for March show that the number of mortgage approvals increase by approximately 4% for the month and according to the Bank of England, this growth is likely to continue.
The amount of mortgage approvals rose to £4.6 billion, over the six month average, although the level of growth – £900 million – was a lower increase than the Read more
What to look for in online CeMAP courses
May 4, 2009
No matter how much you want to study for your CeMAP exam and whether it is to become a mortgage broker or for some other purpose, it is not always convenient to take a week out from family or work commitments to study a fast track, intensive, full time CeMAP training course.
As a result, many people decide they will have to find the time and dedication needed to study for their CeMAP exam from home through distance learning, but it can be difficult to decide who to study with as there are so many financial training companies in the UK offering
CeMAP training. So what exactly should you be looking for in an online CeMAP course?
Naturally, you should check out the training company in the usual way. Ask as many questions as you like from the training provider and a reputable training company will be happy to answer them.
Here are few things you might like to ask about Read more
The cons of a capped rate mortgage deal
May 3, 2009
Yesterday, we discussed what a capped rate mortgage is and the advantages or reasons why capped rate mortgages could be more popular now than they have been in the last decade or so. Today we’d like to talk about the disadvantages of a capped rate mortgage deal.
As with most things in life, you don’t get something for nothing and the capped rate mortgage is no different. The good things about a capped rate mortgage are that the borrowers receive low payments and the security of knowing the maximum their mortgage repayment could rise Read more
What is a capped rate mortgage?
May 2, 2009
Yesterday we talked about the Yorkshire Building Society issuing a new capped rate mortgage deal. Those undertaking CeMAP training to become a mortgage advisor need to understand every type of mortgage for the exam, including all those available now and those that were available in the past.
A capped rate mortgage is one that offers a variable interest rate such as a tracker or a discounted variable, but the interest rate has a ‘cap’, i.e. an upper level beyond which the interest rate cannot increase.
Over the last decade or so, capped mortgage Read more
