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Who would benefit from CeMAP courses?

Whether you are just starting your career journey having finished your final exams, or have been in employment for a number years and would like to do something different, it is important to think about what you want to achieve and your expectations of any role you may choose to undertake.

If you feel that your strengths lie in talking to people, establishing their needs, and helping them to find the best solution depending on their individual scenario, a career as a mortgage adviser may best match your aspirations. In order to achieve such a career goal, you will need to undertake and pass the relevant CeMAP training and exams.

Who would you help?

Buying a property is not a decision to be taken lightly. It involves a great deal of thought and consideration. Before even looking for a house, the potential buyer needs to establish how they intend to pay for it. While there are some buyers who are in a position to carry out a cash purchase, whether the money has been saved or comes from another source such as an inheritance, a large percentage of homeowners look to borrow the money that will enable them to complete the purchase on their new home.

The main role of a mortgage adviser is to help people to find the best way to finance their house purchase in the form of a mortgage loan. They have to undertake a full analysis of their customer’s financial circumstances, looking not only at their income, but also all existing commitments, including loans, credit cards, insurance payment and even dependent children. This will enable the adviser to ascertain how much their customer can borrow and also comfortably afford to repay.

When in a role that requires you to support individuals in making financial decisions, your people skills will be vital. You will need to be able to explain matters of a complex nature in a way that is clear, concise and easy to understand. It is important to tailor your style to your customer, in order that they fully understand the information being provided.

How to become a qualified adviser

Before you are able to conduct meetings with customers, you must be certified as a competent adviser having passed the required examinations. The qualification needs to be one recognised by the Financial Conduct Authority (FCA), with the leading qualification being the Certificate in Mortgage Advice and Practice (CeMAP).

The course can be taken in a number of towns and cities across the country, from Manchester to Bristol, and Edinburgh to Southampton, making it easily accessible to those wishing to follow this particular career path.

The course has been designed to ensure that all regulatory requirements are met, and the student learns and fully understands the demands that are placed on those who chose to work within the financial services market in the role of a mortgage adviser.

What the course involves

Having made the decision to take on the CeMAP training required in order to pursue your career dream, it is worth looking at what the course entails and the topic areas that you will be covering throughout your studies.

The course is broken down into three modules, and the learning culminates with an exam at the end of each module. You need to achieve a pass rate in each exam in order to achieve the full CeMAP qualification, which will give you a qualified status, meaning you are able to take on the role of mortgage adviser and begin meeting with customers. The next step will be to take them on the journey towards purchasing their new home.

What are the modules?

There are three modules to work through:

CeMAP module one – this provides an initial introduction the Financial Services Environment, and the products available within it. It covers all aspects and products, not just mortgages. It also looks into the regulation side of it, studying the various acts that have been enforced over the years and, importantly, those that are currently in place and must be adhered to.

CeMAP module two – the second module goes into more detail about the mortgage side of things. The laws that are in place and why, the application process that you will be guiding customers through, the differing products and payment methods that are available, and finally issues that may arise post completion, once the mortgage has been approved and released, and dealing with mortgage arrears should they arise.

CeMAP module three – the third and final module provides knowledge and understanding of the process of providing mortgage advice, and the importance of ‘getting it right’. It gets you to work through multiple-choice case studies, getting you to think like a mortgage adviser and to answer like one.

The decision to complete the CeMAP training course is an important one, as it will help to shape your future career path and focus on the direction you take. It will involve a substantial amount of dedication and commitment to ensure your success.

Wherever you choose to undertake your studies, be it bustling Birmingham or lively Leeds, by implementing a focused, specific and structured study plan, you will soon be on your way to a career as a mortgage adviser.

You can then utilise and further hone your people skills, as you meet customers and learn to ask them the right questions to establish their individual circumstances, thus helping them secure the best and most suitable mortgage deal.

Buying a new home is an exciting time, but can also be very daunting, particularly as a first-time buyer. As a mortgage adviser you will be able to help calm any worries by making sure that you provide sufficient information, helping your customer fully understand the process they are following and the choices available to them.

You will be the vitally important first point of contact for initial enquiries and updates throughout the process, and having passed your CeMAP training, you will feel confident and empowered in providing the answers and support your customer needs.

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