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New CeMAP qualification launches in October

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The London Institute of Banking & Finance is launching a new CeMAP diploma qualification.

The qualification is one level higher than the current CeMAP level three mortgage qualification.

To get the new diploma, mortgage advisers need to complete a new level four advanced mortgage advice unit, building on CeMAP’s existing licence-to-practise modules.

A CeMAP statement says the new qualification is “specifically designed to reflect the day-to-day roles of senior mortgage professionals operating in today’s mortgage market”.

The qualification opens for registrations in October.

In February Mortgage Strategy revealed that the Financial Conduct Authority wanted to overhaul the CeMAP qualification.

The London Institute of Banking & Finance corporate and professional qualifications managing director Martin Day says: “The UK mortgage market is dynamic and complex and it’s clear that in order to offer the very best service to their clients, advisers have to ensure their skills are highly relevant and up-to-date.

“CeMAP has achieved recognition as the leading regulated qualification in this market and, building on this success, many mortgage advisers will want to continue their professional development, beyond what is required by the FCA in order to practise.

“The new CeMAP Diploma will allow these advisers to develop their skills and demonstrate to clients their proficiency and understanding of the latest trends and developments, allowing them to enhance the service they provide.”

 

 

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Comments
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  • Chris Clare 20th October 2016 at 11:34 am

    Whilst I don’t see a major issue with being suitably qualified to offer the advice you give, however will we be seeing anyone at the FCA going back to university and sitting further qualifications to do their job? I don’t think so.

    This industry seems like the only one that has moving goal posts for what is deemed qualified, quite frankly it seems grossly unfair.