CeMAP Study
CeMAP study is compulsory for anyone who wishes to gain a CeMAP qualification. CeMAP stands for Certificate in Mortgage Advice and Practice. This is the industry standard requirement of the Financial Services Agency for a mortgage advisor to be named by them as a recognised mortgage advisor.
CeMAP study involves the mortgage advisor having undertaken a training course in which they study three individual modules to fully educate them in every aspect needed to qualify as a professional mortgage advisor.
The three modules included in CeMAP study are UK Financial Regulation, Mortgages and Assessment of Mortgage Advice Knowledge. Each of these modules leads to a final exam which must be passed by the student with a minimum pass grade of 70% to be granted the qualification by the Financial Services Agency.
CeMAP study and the acquisition of the qualification by the mortgage advice professional, is an important safe guard for the general public. (Once a person has successfully completed their CeMAP study they are allowed to place the letters CeMAP after their name.) The qualification ensures the general public that the person to whom they are entrusting a major and extremely important part of their financial future, is fully and comprehensively trained in all aspects of the transaction.
The purchase of a home or other real-estate is the largest purchase the average person will ever make and with the variety of lenders and products on the market, taking advantage of the knowledge and experience of a mortgage advisor who has completed CeMAP study is becoming a necessity in the eyes of most consumers.
There is an under supply of qualified mortgage advisors in the UK and this is encouraging many people to contemplate CeMAP study. According to the experts, the need for qualified mortgage advisors will continue to expand in the future, making CeMAP study a very attractive proposition for people contemplating a change of career.
The knowledge that they will be performing a job that actually helps people is a factor that also encourages some to consider CeMAP Study. They are excited by the prospect of taking part in a positive change in people’s lives, be it helping a first home buyer to enter the market, or helping someone who is struggling with mortgage payments to find a cheaper and more suitable product that will reduce the financial stress in their lives.
CeMAP study is considered by many to be the start of a new exciting, challenging and rewarding career. It opens the door to both self employment as an independent mortgage advisor or a career as an employee of an established organisation in the financial services industry. CeMAP study provides you with the knowledge and confidence to start a career in which you can earn a very-good living as long as you are motivated and prepared to do the work required.
CeMAP study is an entryway to a fantastic new career and way of life. Anyone considering a change of career should give serious thought to undertaking CeMAP study.
