What is CeMAP qualification?
CeMAP, as already mentioned, stands for Certificate in Mortgage Advice and Practice. It’s a qualification designed especially for people who want to become certified mortgage advisers and teaches all the skills and knowledge needed to do this.
What qualifications do you need to be a mortgage advisor UK?
To become a mortgage adviser you must successfully complete the Certificate in Mortgage Advice and Practice (CeMAP) course. This Level 3 course is approved by the FCA and is sought by employers as the industry standard. The CeMAP can be studied independently or with the support of your employer.
How quickly can you complete CeMAP?
If you don’t have any distractions, you should be able to complete CeMAP in six months. But if your lifestyle leaves little room for study – perhaps because you have young children or other caring responsibilities – CeMAP will take longer, most likely the full 12 months.
How do I get CeMAP certified?
To study CeMAP Diploma you will need to complete the Certificate in Mortgage Advice and Practice (CeMAP) or an equivalent Level 3 mortgage qualifications first. You can then achieve CeMAP Diploma by successfully completing one further module, Advanced Mortgage Advice (AMA).
Is CeMAP equivalent to a degree?
The Certificate in Mortgage Advice and Practice is officially registered as a Level 3 qualification, making it equivalent to an A level or college qualification.
How long does it take to train to be a mortgage advisor?
You could train through an advanced apprenticeship as a mortgage adviser. It typically takes around 12 months to complete through a mix of learning on the job and study.
Is mortgage advisor a good career?
A career as a mortgage advisor is rewarding in so many ways. You have the opportunity to help people at an important point in their lives, enjoying the satisfaction of your work being truly valued. On top of that, you could discover real job satisfaction and earn a great salary which increases with experience.
Is CeMAP difficult?
One reason why some people are tempting to study CeMAP solo is to save the cost of course fees, but the CeMAP exam is a challenging one. There are three exams and you need to score at least 70% to pass each module accurately to pass.
Does CeMAP expire?
Although it is great news that a CeMAP qualification is valid indefinitely, remember that the financial industry is every changing, so keeping up to date with the latest regulations and annual changes is important to ensure you are providing the correct information to your clients.
Is CeMAP exam hard?
Do you need to be good at maths to be a mortgage advisor?
A mortgage advisor must be mathematically literate, though it is not necessary to have a GCSE or A Level in maths. Part of the job is entering information on computer records and looking up information. This requires the advisor to be competent at IT skills.