Career in mortgage advice recommended by professionals

December 3, 2017 by Brendan

Mortgage Advisors

As the 100,000th person passed the London Institute of Banking and Finance Certificate in Mortgage Advice and Practice (CeMAP), mortgage advisors recommend a career in the profession to young people.

Despite the uncertainty in technology and the impact of Brexit, mortgage advisors remain positive about the prospects of the industry. The London Institute of Banking and Finance carried out the survey, which questioned 400 mortgage advisors. Around 80% said that they would advocate a career in the industry to others, while 86% cited helping customers to fulfil their dreams as one of the most rewarding parts of their career.

As mortgage advisors strive to achieve the best outcomes for clients, they cited complicated affordability checks, increased regulation and restricted high loan-to-value mortgages as barriers. Although advisors said that consumers now had greater protection due to regulation, they were not keen for further changes.

The managing director of professional and corporate qualifications for the London Institute of Banking and Finance, Brian Wilkinson, stated that CeMAP training courses play an integral role in the support of advisors facing the challenges.

Respondents of the survey stated that achieving the best outcome for their clients was the most favourable element of their role, while others state that a CeMAP qualification can lead to other career opportunities.

The 100,000th person to gain a CeMAP qualification is a mortgage advisor with Halifax, Michael Fowler, who stated that the qualification had helped him succeed in his career supporting customers with a professional service.