Specialist lending module launched

The Institute of Financial Services has opened registration for its Alternative Residential Lending module.

The ARL module forms part of the recently launched Advanced CeMAP qualification and gives candidates greater flexibility in their specialist area. The module covers the advice process for a range of alternative lending products such as sub-prime, Right to Buy, self-build, equity release, borrowing to buy foreign property, buy-to-let and buying property as an investment in a self invested personal pension.

Mark Roberts, head of faculty financial regulation at the IFS, says: “The industry has diversified recently with many mainstream players now lending to sub-prime borrowers as the number of mainstream borrowers falls.

“We developed the ARL module to offer those working in this market a chance to show their competence through accreditation.”