「Mortgage Debt :: The CeMAP Qualification: All You Need to Know」の版間の差分

2016年7月20日 (水) 15:11時点における版

The UK mortgage market is regulated with the Financial Services Authority (FSA) in addition to their rules state that you have to have the full CeMAP qualification to supply mortgage advice, so to become a mortgage advisor the CeMAP qualification is the first step.

What could be the CeMAP qualification?

CeMAP stands for Certificate in Mortgage Advice and Practice and to gain this qualification you need to study for, and pass, the exams in each of three modules.

Prior knowledge

To consider the CeMAP exams, you no longer need to have any academic qualifications and also you do not even need to get had any relevant work experience. What you should have however, could be the will to achieve the financial sector.

The three CeMAP modules

CeMAP 1 ? UK Financial Regulation

This module could be the same as the initial module for that CeFA qualification, which has to be attained to provide financial advice. It covers the history and basic knowledge in every areas of finance, such as the role of the Bank of England along with the FSA, mortgages, pensions, insurance plus much more. simply click the next website CeMAP 1 exam comprises of 100 multiple choice questions over two hours, but with a 70% pass rate; that doesn't mean it is easy.

CeMAP 2 ? Mortgages CeMAP 3 ? An assessment of mortgage advice knowledge

The syllabus for both CeMAP 2 and 3 will be the same, but each exam will test out your knowledge in different ways. CeMAP 2 can be a 100 multiple choice question exam based entirely on the syllabus, whereas CeMAP 3 gives six practical case studies where there are 10 multiple choice questions on each.

Ways to study to the CeMAP qualification

When you create each module with all the FSA, you will be sent a syllabus and learning manual, plus they do offer online support forums. Most people, however, see that these materials are difficult to study from therefore there are plenty of CeMAP training providers ? although FSA won't endorse any CeMAP training firm in particular so keep clear of any firm claiming to get such.

To go with a reputable financial training provider, make sure you check that any price quoted includes every one of the materials needed, for example training manuals whether online or offline, CeMAP mock exam papers from real ifs past papers and tutor support, with one tutor with a reasonable variety of students.

Home study is popular with those struggling to take time out for the full time CeMAP course. Most providers will offer some form of learning online and, providing you with can be fairly self-disciplined with your study, there is no reason why you can't get your CeMAP qualification in this way. Check what email or telephone tutor support can be acquired before purchasing.

Using the CeMAP qualification Once you have your CeMAP qualification, there are many areas for a mortgage advisor to function in. Mortgage advisors be employed in financial institutions such as banks or building societies, in estate agents, which has a mortgage broker firm and even on a self-employed basis.

Some companies will employ someone with just the CeMAP 1 qualification, even if this does vary and lots of prefer one to first have the total CeMAP qualification for those who have no prior experience.