Commercial exam set for 2005

A specialist commercial mortgages exam module is being developed by the Institute of Financial Services, with a launch expected early next year.

Though the final syllabus has yet to be confirmed, it is anticipated this module will address the specialist lending requirements of this sector and the range of products available.

Mark Roberts, head of the faculty of financial regulation at the IFS, says: “There has been much growth in the commercial sector in recent months with many lenders developing products that are more in keeping with those available in the private sector.

“This module offers a means of demonstrating specialist knowledge and competence for those already advising in this area. It can also be used to extend knowledge for those who wish to branch out into this market.”

Common types of finance, the regulatory and legal framework, types of mortgage solutions and the criteria for determining their suitability and affordability will also be covered.

The module forms part of the Advanced CeMAP launched earlier this year.

Candidates will now have a choice of three specialist product modules – lifetime mortgages, alternative residential lending and commercial mortgages.