CeMAP® Mortgage Advisor Qualification

Drive your career forward and plunge into the world of mortgage advice, with this complete training package from CeMAP – an industry leading qualification that over 80% of mortgage advisors have achieved. The property market would not be as easily navigated if it wasn’t for the mortgage advisors that can help property buyers along their home buying journey. The combination of regulations, standards, interest rates and mortgage products that are available is nothing short of a minefield for anyone that doesn’t have the know-how, which is why the mortgage advice profession is such a crucial one. Join the wealth of mortgage advisors that work across the country, both for businesses and for themselves; sign up for this course and you will walk away with a qualification that will allow you to practice mortgage advice professionally.

Learn at Home, At Your Own Pace

This course contains training packages for the three mandatory papers that make up the syllabus – everything you need to become CeMAP qualified. It’s delivered solely online, so you can study whenever it suits you. It can be difficult to make time for study when your days are packed with existing work and home commitments, but with the option to study at your own pace, you will be more likely to complete the qualification. Expect to require an average of 60 hours to complete the course, from start to finish, but you can rest assured that you will have a full year after registration to do this – there’s no need to panic that these 60 hours will have to be crammed into a few weeks!

Provide Professional Mortgage Advice

Once you have completed the training package, you will be ready to offer your professional mortgage advice services. You may choose to apply a job in a financial institution or professional practice, or you may prefer to set up your own, independent business to provide a freelance service and be your own boss. Whatever you choose, this qualification can help you to fulfil your dreams and move forward towards a better future as a professional mortgage advisor.

Key Learning Points

While it is possible to complete the three papers individually, at various stages in a learning career, this training package includes all of the material that you will need to pass the qualification and so would suit individuals who would like to work through the syllabus without pause.

• Explore the structure and purpose of the UK financial services industry and the products that can be offered.
• Get to grips with some of the legal concepts that mortgage advisors, and property buyers, may face during the purchasing process, and learn how to offer advice and solutions if issues arise.
• Understand the concepts of inflation, interest rates, FSA regulation, anti-money laundering rules and adhering to the Data Protection Act 1998.
• Learn the ins and outs of the mortgage process, including the types of borrower, the types of mortgage product, the Mortgage Contact of Business rules and legislation, the role of the mortgage advisor and the fees that can be charged, and the various interest rates that can be applied.
• Understand the need for valuations and surveys and how these can affect the mortgage application process.
• Learn how to deal with breaches of the Mortgage deed, including non-payments of the mortgage and building insurance, and the legal rights of the lender should non-payment occur. Learn how the consumers can be assisted if they struggle to meet a payment.
• Understand the mortgage application process, including the definition of gazumping and gazundering, and the implications that these can have on the property buyer.
• Learn about the main features of the common mortgage options, and their interest rates, so that you can relay them to consumers in layman’s terms.
• Relate all of the knowledge that you have learned to realistic scenarios, applying mortgage solutions that adhere to the ethical and regulatory framework.

Advantages of this course

• All of the learning resources that you need to gain the final qualification are in this one package.
• Extra support is available; ask experts, revision notes, specimen papers and online competence development tools are easily accessible (fee applicable).
• Diverse range of learning aids, including interactive simulations, tutorials, exercises and self-assessments, to ensure you remain engaged with the syllabus and retain the information.
• Everything you need to pass the three papers that make up the full CeMap Mortgage Advice and Practice qualification – a level 3 qualification which allows you to use the designation CeMAP after your name.
• Improve your job prospects and become a professional mortgage advisor.

While homebuyers step onto the property ladder, you could be stepping onto the career ladder of a profession that has excellent prospects – take that first step today!

• Units of study

CeMAP® Training Package: 1 1. CeMAP® Paper 1: UK Financial Regulation

UK Financial Regulation is a broad-based module that covers purpose and structure of the UK financial services industry.

2. CeMAP® Paper 1: Training Sections

UK financial services industry structure, Financial asset classes, Financial services products, Financial advice and regular reviews Legal concepts, UK taxation and social security systems, Inflation, interest rate volatility, Non tax laws, FSA regulation, FSA's conduct of business rule, Anti-money laundering rules, Complaints and compensation, Data Protection Act 1998.

CeMAP® Training Package: 2 1. CeMAP® Paper 2: Mortgages

The Mortgages module is split into four sections and focuses upon, law, practice policy and markets, application, payments methods and products and post completion issues.

2. Training Section 1: Mortgages Law, Policy, Practice and Markets:

Definition of a mortgage, House buying process, Common types of borrower, Mortgage Contact of Business (MCOB) rules and the legislation, The role of the mortgage adviser, Additional security, Fees and charges, Value of property, Valuation and surveys, Repayment options, Mortgage products and interest rates, Mortgage associated insurance, Raising additional money, Transferring mortgages Debt consolidation, Breaches of the Mortgage Deed, State provisions.

3. Training Section 2: Mortgage Applications:

The role of a mortgage advisee and the importance and principles of providing advice, including the key factors affecting the advice given;The implications for consumers of 'gazumping' and 'gazundering'; The fees and charges involved in arranging a mortgage, where these apply, the services they cover, when they become due, which are refundable and how the opportunity for refunds diminishes as the process nears completion; The principal factors affecting the value of property, including their implications for consumers seeking mortgages and when consumers should be referred for specialist advice; The different forms of valuation and survey and which might be appropriate for different properties and/or the borrower's circumstance; The need to obtain Local Authority planning consent for house developments or extensions.

4. Training Section 3: Mortgage Payment Methods and Products:

The key features of the different types of mortgage repayment options and their benefits for different types of borrower; The key features of the common types of mortgage product and interest rate options; The structure and features of other types of mortgage and when they might be suitable for borrowers; The main features and functions of different forms of life assurance and other insurance (e.g. mortgage payment protection insurance (MPPI); life; accident; sickness and unemployment (ASU) insurance; building insurance; contents insurance) associated with arranging a mortgage.

5. Training Section 4: Mortgage Arrears and Post-Completion Issues:

The principles and procedures associated with raising additional money and the circumstances when further borrowing might be appropriate; The principles, procedures and costs associated with transferring mortgages;The principles of using mortgages within debt consolidation arrangements; The implications for the borrower of the non-payment of mortgages, other breaches of the Mortgage Deed, non-payment of building insurance and the options available; The legal rights and remedies available to lenders in respect of non-payment from borrowers; The main provisions made by the State to assist consumers in the difficulties over the repayment of mortgages.

CeMAP® Training Package: 3 1. CeMAP® Paper 3: Assessment of Mortgage Advice Knowledge

The final knowledge assessment module requires you to apply the knowledge and understanding of the first two modules, by applying suitable mortgage solutions within the regulatory and ethical framework.

2. CeMAP® Paper 3: Training Sections:

Analyse consumers circumstances, Apply mortgage solutions, Identify consumers needs and make suitable recommendations Understand the advice process, UK Finance industry and the different types of mortgage solutions.