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The UK mortgage market industry is regulated with by the Financial Services Authority (FSA) in addition to their rules state that you have to should have the full CeMAP qualification to supply mortgage advice, so to become a mortgage advisor [https://www.testbankcollege.com/index.php/economics-test-banks-and-solution-manuals-url.html learn the facts here now] CeMAP qualification is the first step.<br><br>What could be the CeMAP qualification?<br><br>CeMAP stands for Certificate in Mortgage Advice and Practice and to gain this qualification you need to must study for, and pass, the exams in each all of three modules. <br><br>Prior knowledge<br><br>To consider take the CeMAP exams, you no longer need don't to have any academic qualifications and you also you do not even need to get had any relevant work experience. What you should have however, could may be the will to achieve in the financial sector.<br><br>The three CeMAP modules<br><br>CeMAP 1 ? UK Financial Regulation<br><br>This module could may be the same as the initial 1st module for that to the CeFA qualification, which has have to be attained to provide present financial advice. It covers the history setting and basic knowledge in every areas of finance, such as including the role of with the Bank of England along with the FSA, mortgages, pensions, insurance plus and much more. [https://www.testbankcollege.com/index.php/management-information-systems-test-banks-and-solution-manuals-url.html simply click the next website] The CeMAP 1 exam comprises consist of 100 multiple choice questions over two couple of hours, but with a 70% pass rate; that it doesn't mean it is easy.<br><br>CeMAP 2 ? Mortgages CeMAP 3 ? An assessment of mortgage advice knowledge<br><br>The syllabus for both CeMAP 2 and 3 will be is the same, but each exam will test out your knowledge in different waysanother way. CeMAP 2 can be is often a 100 multiple choice question exam based entirely on upon the syllabus, whereas CeMAP 3 gives six practical case studies where there high are 10 multiple choice questions on about each.<br><br>Ways to study to the for that CeMAP qualification<br><br>When you create each module with all using the FSA, you will 'll be sent a syllabus and learning manual, plus they do offer online support forums. Most people, however, see discover that these materials are difficult to study examine from therefore so there are plenty of CeMAP training providers ? although the FSA won't will not endorse any [https://Twitter.com/search?q=CeMAP%20training&src=typd CeMAP training] firm in particular particularly so keep clear be suspicious of any firm claiming to get be such.<br><br>To go with choose a reputable financial training provider, make sure you to check that any price quoted includes every one all 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 to some reasonable variety amount of students.<br><br>Home study is popular with those struggling to can not take time out for the any full time CeMAP course. Most providers will offer some form of learning online distance education and, providing supplying you with can be fairly self-disciplined with inside your study, there is 's no reason why you can't cannot get your CeMAP qualification in this way. Check what email or telephone tutor support can be acquired is available before purchasing.<br><br>Using the CeMAP qualification Once you have your CeMAP qualification, there are many numerous areas for a mortgage advisor to function work in. Mortgage advisors be employed in work with financial institutions such as [http://Www.Dailymail.Co.uk/home/search.html?sel=site&searchPhrase=including including] banks or building societies, in estate agents, which has using a mortgage broker firm and even as well as on a self-employed basis.<br><br>Some companies will employ someone with just the CeMAP 1 qualification, even if although this does vary and lots of prefer one you to first have the total CeMAP qualification for those who have no prior experience.