How to advance your mortgage advice career

29 March, 2021Juno Baker

Do you have the skills to succeed as a mortgage broker in the post-Covid economy? As the mortgage market evolves and consumers turn to new products, it’s time for advisers to adapt by updating their skills. And to support you through these challenging times, we’re offering a 25% discount on CeMAP Diploma until May.

Key-in-door-lockPost-Covid, the mortgage business is anything but ‘business as usual’.

The furlough scheme will end in April and the economy is still unpredictable. That will impact the property market.

But there are plenty of reasons to be optimistic as mortgage networks plan to expand and lenders bring back 90% loan-to-value deals. As we come out of lockdown, the seasonal summer bounce will return to the housing and mortgage markets.

In short, mortgage advisers should expect to keep busy.

But don’t be surprised if clients come to you with questions about what they’ve seen on the news and how it will impact them. Will you be ready to answer these questions?

And some will have very different income levels to this time last year too, or have greatly changed their circumstances.

As the market becomes more complex, the demand for specialist products is going to increase.

Advance your learning with CeMAP Diploma

So if you want to offer clients more in-depth knowledge and considered solutions, CeMAP Diploma will put you in the top 10% of advisers – at least where qualifications are concerned.

Designed by mortgage advisers for mortgage advisers, CeMAP Diploma is a self-study distance learning course in two modules – one of which is CeMAP, so you’re likely to be halfway there.

In the second unit, Advanced Mortgage Advice (AMA), you’ll expand your knowledge of the mortgage advice process and learn:

  • about specialist mortgage products
  • why consumer-oriented advice matters, and
  • why sound communication and ethical behaviour are so important.

And you can complete it in as little as three months.

CeMAP Diploma shows clients and employers that you can offer a more advanced service – and that you’re willing to build your skills to become better at what you do.

But most important, the practical knowledge you acquire through CeMAP Diploma will help you, your business and your clients through these challenging times.

Advise on equity release

Demand for equity release hasn’t quite reached pre-pandemic levels. However, figures from the Equity Release Council show that when the lockdown was eased last year, activity rose by 41%.

Long-term rises in UK house prices mean that a large percentage of homeowners’ wealth is contained in the value of their property. Equity release enables people to either supplement their income or access a lump sum.

That’s something that in a volatile economy, many people will want to do.

Given the complexity of equity release, it’s no wonder that – to advise on equity release – mortgage advisers need an additional qualification on top of CeMAP.

Any mortgage adviser who wants to consider and advise on all the options available to their customer, needs to fully understand those options – including the potential risks and benefits.

Our Certificate in Equity Release (CeRER) takes just six months to complete. The course includes study texts, interactive and audio-visual materials and is assessed through a two-hour objective exam. When you’re ready to sit your exam, you can choose from test centres nationwide or take it by remote invigilation.

CeRER is a great way to develop your skillset and increase your professionalism. But most importantly, it will help you give your customers get the best possible advice and service.

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Find out more about CeMAP Diploma

More about the Certificate in Equity Release (CeRER)