CeMAP Mortgage Adviser Level 3

Course Code: CM101
Award Level 3, Similar to - NVQ Level 3, A-Level

CeMAP® which stands for “Certificate in Mortgage Advice and Practice” is the industry standard qualification held by mortgage advisers in the UK and is considered the benchmark qualification in the financial services industry. Once you have completed this course you will be a fully qualified mortgage adviser and be able to provide mortgage advice either self-employed or on behalf of a lender such as a high-street bank or building society.

As a mortgage adviser you will; advise your clients on the house-purchase process, help to look at your client's finances, discuss and explain different types of mortgage products, present advise on a number of mortgages for the client to choose from, provide help for the customer in order for them to complete the mortgage application and sell related financial products such as buildings insurance and payment protection. You would also be required to meet sales targets, deal with valuers, estate agents and mortgage lenders and keep up to date with mortgage products and any changes in financial laws.

Mortgage Advisers can earn in excess of £50,000 and your salary package may also include extra perks such as a company car and pension benefits. With the economy and housing market set to grow over the next few years it’s an ideal time to become a CeMAP® qualified mortgage adviser. At present the number of people qualified is only 25% of the actual demand for mortgage advisers.

If you thrive on dealing with people and would like to work in a professional industry within months you could have the right qualification to set yourself a challenging and lucrative career as a mortgage advisor with uncapped earnings. This unique interactive CeMAP® online course is designed for people who are new to the mortgage industry and covers the whole CeMAP® Syllabus in an easy to understand manner.

Course Content

CeMAP® 1 - UK Financial Regulation

Unit 1: Introduction to Financial Services Environment and Products

Section 1: The UK financial services industry
Section 2: Financial Assets
Section 3: Financial Products
Section 4: The financial planning and advice process
Section 5: The main areas of financial advice
Section 6: Basic legal concepts relevant to financial services

Unit 2: UK Financial Services and Regulation

Section 1: The Financial Services Authority
Section 2: Money laundering
Section 3: Complaints and compensation
Section 4: Data protection
Section 5: Other laws and regulations relevant to advising clients

Mortgage Conduct of Business Rules
Revision Notes
Specimen Exam Papers

CeMAP® 2 - Mortgages

Unit 3: Mortgage law, policy practice and markets

Section 1: Borrowers
Section 2: Mortgage and property regulation and law
Section 3: The house buying process
Section 4: From offer of advance to completion
Section 5: The economic and regulatory context for giving mortgage advice

Unit 4: Mortgage Applications

Section 1: The role of the mortgage adviser
Section 2: Assessment of status
Section 3: Assessment of security
Section 4: Guarantees and additional security

Unit 5: Mortgage payment methods and products

Section 1: Mortgage repayment methods
Section 2: Mortgage products and schemes
Section 3: Other mortgage-related products

Unit 6: Mortgage arrears and post completion

Section 1: Further advances and remortgaging
Section 2: Arrears, debt management and recovery
Section 3: Other post completion matters

Mortgage Conduct of Business Rules
Revision Notes
Specimen Exam Papers

CeMAP® 3 - Assessment of Mortgage Advice Knowledge

You will study specimen Case Study Papers
You will then take 3 CeMAP® Assessments:
- Modules 1 and 2 are assessed in a two hour exam consisting of 100 multiple choice questions. Module three is assessed in a two hour exam, but is made up of 60 questions based on six case studies.
- Examinations can be taken in most Towns and Cities throughout the UK (at Pearson Vue Examination Centres) and are computer based. You receive your results immediately.
- Each exam has a minimum pass mark of 70% per unit. A mark of 80% or higher receives a merit and a mark of 90% or over receives a distinction. Should you fail a specific unit, you only have to re-sit the specific unit rather than the whole module.

Course Duration

This home learning course will take approximately 80 hours to study and there is no time limit for completion.

Assessment

The CeMAP® Mortgage adviser course requires 3 examinations which are organised by the student. The examinations run in most major towns and cities and we can provide advice regarding this where needed.

Study Method

The course is designed for study by online distance learning at home or at work. Students receive online course materials, assignments and study guide plus tutor support via email.

Qualifications

The CeMAP® level 3 qualification is accredited by the Qualifications and Curriculum Authority (QCA) and is recognised by the Financial Services Authority (FSA) as an appropriate qualification. It is the most widely recognised mortgage adviser qualification in the UK.

The qualification is required by any individual who wishes to advise customers on mortgages. CeMAP® is the benchmark qualification for the industry with over 80% of all mortgage advisers holding this specific qualification. CeMAP® meets the requirements identified by the Financial Services Skills Council (FSSC), is accredited by the Qualifications and Curriculum Authority (QCA), Most importantly it is recognised by the Financial Services Authority (FSA) as an appropriate qualification.

Course Questions & Answers

Q: What skills are needed to enrol onto this course?

You do not need any previous knowledge to enrol onto this course.

Q: Is there a time limit for completion of this course?

There is no time limit to complete this CeMAP® mortgage adviser course, take as long as you require.

Q: What is included in the cost of my course?

You will receive unlimited access to the online CeMAP® 1/2/3 course materials
Specimen exam papers
Revision notes
Unlimited email tutor support (*telephone support coming soon)

Q: Do I have to sit an exam?

Yes you will need to take 3 CeMAP® examinations, these are highlighted above in course content "CeMAP® 3"

Q: Are there any additional costs?

Each exam registration costs £135 and you have three exams in total to pass to achieve your full CeMAP® qualification. You may register and make payment for each individual exam when you are ready to sit them. Further details are provided on the “Exam Booking” section of the course materials.

Q: How do I get my work assessed?

You will be given access to specimen exam papers and will be able to take mock exams for a small fee but your work will be assessed by examination in a CeMAP® examining centre.