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How a CeMAP course can progress your career

A natural progression for a customer service advisor is to specialise in a particular area, like offering mortgage advice as a trained professional. To do this, you are required by the Financial Conduct Authority to gain a CeMAP qualification.

Studying for the professional qualification and passing the exam will have a positive impact on your career, enabling you to work in the finance sector, but where can you expect to go from there?

What is the role of a mortgage advisor?

As a mortgage advisor, you will use your knowledge to provide advice to clients regarding the process of buying a property. In addition, you will determine their financial situation, thus helping them to select the most suitable type of mortgage deal for their circumstances. Customers may also want to know about the various types of mortgage, which your CeMAP training will enable you to do. Although helping and supporting your clients will form the basis of your role as mortgage advisor, you will also deal with estate agents, mortgage lenders and valuers on a regular basis, so it helps to be au fait with the industry terminology.

Where would I work after CeMAP?

Gaining your CeMAP qualification will mean that you can work in any financial institution as a mortgage advisor. You may decide to work in a bank or building society, an estate agent or a mortgage broker. Once you have gained some experience in the mortgage industry, you may want to branch out and become self-employed.

If you are already employed in the industry in a different capacity, perhaps as customer service advisor, you might want to progress and specialise in the property sector, advising people who are buying or selling a property. You will need to study for the CeMAP qualification in order to secure a position as mortgage advisor, and very often your employer will fund the training. However, it’s also possible to fund it yourself, especially if you aren’t already in the financial sector in a different role. An employer will often view self-funded learning as a positive step, recognising that you are determined to gain employment as a mortgage advisor.

Do you only advise clients about mortgages?

Once you have gained your professional qualification, you will be able to start work as an advisor. It will take around six months to a year for you to gain some experience in the field. Although a large part of your work will involve advising about mortgages, you will also provide advice about other financial products.

You may find yourself advising clients about mortgage protection insurance or life insurance, for instance. Clients may want advice on the whole process of buying a property, which will include everything from finding the right type of mortgage and finding a removal company, to which buildings and contents insurance is most suitable. You may be selling a range of products to clients, depending on where you work.

What are the benefits of gaining a professional qualification?

To be able to develop a satisfying career, you require a professional qualification to help you stand out from the rest of the jobseekers. Taking the time to study and develop your knowledge and learning skills demonstrates real commitment and determination to succeed in the career of your choice. There are benefits in gaining a professional qualification, rewarding the hard work and effort.

One of the main advantages of gaining a CeMAP qualification is that you will be qualified to become a mortgage advisor. The Financial Services Authority insists that advisors have this qualification before taking up a position. If you are working in the financial sector, any career progression will only be possible once you have qualified. As a mortgage advisor, you will be trusted to provide the best advice to clients, helping them to secure their own home, or even to sell a property. This requires knowledge of the financial sector.

Gaining a professional qualification generally leads to rapid progression in a chosen career field, resulting in far greater financial rewards. Studying for a professional qualification is usually rewarded with a higher salary than someone who isn’t qualified.

Being professionally qualified often leads to a rewarding career, with greater job satisfaction as you are able to do the work you are passionate about. Helping people to find their dream home, while knowing that they have secured the most suitable mortgage for their circumstances, can only be achieved if you have the appropriate qualification.

Does a CeMAP qualification open up opportunities?

In addition to making it possible for you to become a mortgage advisor, gaining a CeMAP qualification also opens up other opportunities for you in your career. If you are working in the mortgage sector, perhaps as an administration assistant, you will be able to progress your career once you have secured the professional qualification. Other areas will also be opened up to you, including banks, insurance and mortgage brokers, estate agents and building societies. You may also consider becoming self-employed as an independent advisor. If you would like to progress your career even further, you could study for more qualifications and become a financial advisor.

Is it preferable to study with a professional company?

Working towards your CeMAP qualification with the help of a professional firm will ensure that you receive the most suitable training package in a learning environment that’s conducive to study. For some people, this will be a classroom-based study, where students may discuss the topics and ask questions when necessary. A reputable company will also offer home-based study for those who prefer greater flexibility and a quiet environment to be able to learn at their own pace. If your employer is funding the training, they may expect you to attend a course, although a professional company will tailor the learning to suit individuals.

However, you decide to study for the CeMAP qualification, you know that when you have passed the final exam, you will have a rewarding career ahead of you, helping others to secure their ideal home.

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