The Institute of Financial Services is developing a stand-alone qualification in commercial mortgages – the certificate in commercial mortgages.
The qualification is being developed in partnership with the National Association of Commercial Finance Brokers and was announced at their annual general meeting on Friday.
Keith Heron, chief executive of the NACFB, says: “The ifs’s certificate in commercial mortgages provides an excellent grounding for anyone wanting to give advice on commercial mortgage products and will be promoted to NACFB members.
“Brokers who pass the examination will be eligible for a discount on full or associate NACFB membership.”
The single-module qualification will open for registrations this week with learning materials expected to roll out in March 2006.
John Ford, head of commercial mortgages at The Business Mortgage Company, says: “Any new development that improves the professionalism of the industry is to be welcomed, but we await full details of the syllabus before deciding on its real relevance.”