When taking the CeMAP exam, delegates register for the exam with the ifs School of Finance. Once delegates have their CeMAP qualification, many go on to become mortgage advisors, some working for a mortgage broker firm and others for themselves.
A good extension to the CeMAP qualification is the CeRER qualification (Certificate in Regulated Equity Release). The CeRER is the specialist qualification that mortgage advisors need if they want to be able to advise on equity release mortgages and according to the ifs School of Finance, demand for the CeRER qualification has been ‘incredibly strong’ in recent weeks.
This news comes soon after the equity release trade body, Safe Home Income Plans (SHIP), released figures showing that SHIP members in the second quarter of 2008 are showing business volumes have increased by 14 per cent when compared to the first quarter.
Indeed, research from Hodge Equity Release has shown that more than 50 per cent of mortgage advisors would like to diversify their advice and many are considering looking at equity release products, for which they will need their CeRER qualification.
Head of financial regulation at the ifs School of Finance, Mark Roberts, said:
“We have received almost 400 registrations for our Certificate in Regulated Equity Release (CeRER) or the CeRER “top up” during the last three months alone. Increasing demand for this qualification bodes well not only for the adviser community but for the increasing number of consumers seeking advice in this area. Holding an appropriate qualification not only meets regulatory requirements, it reassures consumers that they are getting good advice from a knowledgeable and competent adviser.”
Many of our CeMAP training course delegates go on to pass their CeMAP qualification and book on our CeRER training course soon afterwards, as they realise how much additional business is available for CeRER-qualified mortgage advisors.