Course description
Professional Mortgage Adviser Package - CeMAP (Modules 1, 2 & 3) & CeRER - Virtual Classroom
Mortgage Advisers are in high demand, making it a popular career choice for career changers, and for those already familiar with the Financial Services industry. 80% of Mortgage Advisers have earned their CeMAP certifications and are fully qualified to advise. To be able to offer Mortgage and equity release advice, you must first study the CeMAP and CeRER courses and subsequently pass the required exams.
Learn the principles, skills and techniques necessary, to be able to legally advise individuals as a Mortgage Adviser, including Equity Release, which continues to rise in popularity. You will first need to pass your CeMAP 1, CeMAP 2, and CeMAP 3 exams before being able to take your CeRER training.
This training course provides you with the required knowledge and skills to help you prepare for and pass your CeMAP 1, CeMAP 2, CeMAP 3, and CeRER exams.
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Suitability - Who should attend?
If you want to pursue a career as a Mortgage Adviser via an expert trainer and want to offer Equity Release services, this Professional Mortgage Adviser training course will be ideal for you.
Prerequisites
To be eligible to take your CeRER exams, you must have first passed your CeMAP 1, CeMAP 2 and CeMAP 3 exams. There are no prerequisites to take your CeMAP training.
Outcome / Qualification etc.
Accreditation: Certificate in Mortgage Advice and Practice (CeMAP)
Learning Outcomes
During this training course you will learn:
- The impact of Equity Release schemes on customers’ future options.
- The FCA regulatory explanation of a lifetime mortgage and a home reversion plan.
- How to match different types of equity release schemes to your customers’ needs.
- The suitability and affordability of the different types of equity release schemes.
- The relative advantages and disadvantages of the different types of equity release arrangements and alternatives.
- How to assess the risks to customers who take out equity release schemes and when these might arise.
- The rules relating to state benefits as well as taxation.
Training Course Content
CeMAP
- Unit 1 – Introduction to Financial Services Environment and Products
- Unit 2 – UK Financial Services and Regulation
- Unit 3 – Mortgage Law, Policy, Practice and Markets
- Unit 4 – Mortgage Applications
- Unit 5 – Mortgage Payment Methods and Products
- Unit 6 – Mortgage Arrears and Post Completion Issues
- Unit 7 – Assessment of Mortgage Advice and Knowledge
CeRER
- Unit 1 – Fundamentals of Equity Release (FOER)
- The principles of equity release
- Types of schemes available and the circumstances in which equity release may be appropriate
- The advantages, disadvantages, and potential risks to consumers
- Unit 2 – Equity Release Solutions (EQRS)
- Selecting suitable equity release solutions to meet circumstances of different types of consumers
Why choose e-Careers Ltd
We have successfully trained over 610,000 learners, from over 50 countries, and growing.
We are industry leaders, with multiple awards and over 10 years experience.
Our Trainers and Tutors are industry experts in their fields
Expenses
Tuition Fee: £ 1395Inc. VAT
Continuing Studies
By completing both your full CeMAP course and CeRER training course, you will have the knowledge and certifications required to be able to practice as a Mortgage Adviser anywhere in the UK, opening up a wide range of career opportunities. These include as a Mortgage Adviser, Protection Adviser, or employed within the public and private banking sectors.
Typical Job Roles and Salaries
There is a high demand for certified Mortgage Advisers in the UK and with your qualifications you will be able to apply for a range of different jobs, making now an ideal time to train. The average salary for a Mortgage Adviser in the UK is £30k per annum*, however, your earning potential will be much higher than this, due to your commission. On target earnings can exceed £50k per annum* after your commission has been added.
Other job roles include:
- Private Banking Assistant
- Relationship Support Assistant
- Protection Adviser
- Business Owner – Mortgage Adviser