Prime Minister David Cameron has pledged to help families to feel financially secure, by keeping mortgage rates low.

He explained that a top priority for the Conservative Party is housing, and that one of its priorities whilst it is in government is to retain and maintain the low rates that borrowers have experienced for a number of years now.

Cameron also said he felt it was his current government’s deficit reduction programme that had supported the independently set base rate, which the Bank of England has kept at a historic 0.5% for over five years.

Speaking about the opposition party, Cameron claimed that Labour’s spending would lead to higher borrowing costs. While savers who are disgruntled at the impact these record lows are having on their savings – as savings rates are also at an all-time low – borrowers may welcome this statement.

Working as a mortgage professional, you will need to undertake the CeMAP training course and achieve a pass rate in the end exam before you are able to speak with customers and provide them with appropriate mortgage solutions.

You will undertake a full assessment of their current situation and affordability, ensuring that you comply with the current legislation set out by the Financial Conduct Authority (FCA). You can then best advise them on the rates available and monthly repayments. When providing illustrations for your customers it is important to make them aware that the rate can change at any time, dependant on fluctuations to the base rate and, in turn, the provider’s available rates.

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