Individuals interested in working as a mortgage advice professional are required to pass an examination which fully meets the Financial Conduct Authority’s (FCA) requirements. For people coming to the UK from overseas, relevant qualifications in the country of origin may be accepted by the FCA. However, further study in the UK may be required before a ‘licence to practice’ is granted.
There are two primary certificates meeting FCA requirements for mortgage advisers in the UK. These are the Certificate in Mortgage Advice and Practice (CeMAP) and the Certificate in Mortgage Advice. Both are recognised as Qualifications and Credit Framework (QCF) Level 3 certifications.
The Certificate in Mortgage Advice and Practice (CeMAP)
The industry standard in the UK is the Certificate in Mortgage Advice and Practice (CeMAP). Developed by professionals working within the financial services industry, it delivers a thorough understanding and builds a knowledge base to ensure adequate mortgage advice is provided to customers.
Tailored for the mortgage industry in the UK, CeMAP is a course consisting of seven units, all of which are mandatory. The seven units are separated into three modules, all of which are followed by a thorough assessment upon completion. Typically, 200 hours of study is recommended to complete the whole course.
CeMAP comprises:
Module 1, which introduces the UK financial services environment, the products available and the legislation and regulation of the sector.
Module 2, which introduces the mortgage market in the UK, and the associated laws and policies, the application process, the payment processes and alternative products. It also looks at how mortgage arrears can be tackled and discusses post completion issues
Module 3, which assesses the mortgage advice and knowledge of each candidate.
The Certificate in Mortgage Advice
Another qualification which meets FCA requirements is the Certificate in Mortgage Advice. It is aimed at delivering a full education to those wishing to become mortgage advisers, or to work in a supporting role within the industry.
Split into two component units, CF1 and CF6, the Certificate in Mortgage Advice aims to give an introduction to the financial services industry in the UK and introduce the processes, regulations and legislation involved in mortgage products.
The Certificate in Mortgage Advice comprises two units:
The first unit will develop a general understanding and basic knowledge of the UK financial services industry. It will look at both regulation and legislation of the industry and explore the role of the FCA.
The second unit will develop a general understanding and basic knowledge of the mortgage industry in the UK. It will focus on the different products available in the mortgage market, explore financing and repayment options and explore the best practice for providing mortgage advice.
Both CeMAP and the Certificate in Mortgage Advice are appropriate for any individual who wants to work as a mortgage advice professional. Both will achieve a ‘licence to practice’. However, only candidates passing the CeMAP assessment will be able to use ‘CeMAP’ after their name, which can provide assurance to customers looking for the best professional advice.
CeMAP 1, and CeMAP 2 & 3 in Warrington Course Dates
(CeMAP 1 course runs over 5 days, CeMAP 2 & 3 course runs over 5 days)
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CeMAP 1 & CeMAP 2 & 3 Classroom Course
£600.00 per course, £1080 when booking both courses (10% off) Select options This product has multiple variants. The options may be chosen on the product page -
CeMAP 1 Classroom Course
£600.00 Select options This product has multiple variants. The options may be chosen on the product page
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