Mortgage Broker career

[fozlnf]

I hope someone can help.

I am hoping to change careers and get into mortgage broking and am after some advice on how to do it. I have been working as an estate agent for the last 6 years so have a good idea of how the property market works.

My question is which is the best qualification to get? There seems to be the CEmap qualification from the IFS and the Mortgage advice certificate from the CII. Do people have experience of one or the other? CEmap is the one that seems to be detailed on job adverts.

Any advice would be greatly appreciated.

Many thanks
Fozlnf

 

[jeffbearcroft]

It's "Cemap" (Certificate in Mortgage Advice & Practice) which is the industry recognised qualification for mortgage consultants in the UK.

One query, given the state of the mortgage market currently, with large numbers of people in the industry struggling, why would you look at this as an area to move into?

Regards

Jeff

I hope someone can help.

I am hoping to change careers and get into mortgage broking and am after some advice on how to do it. I have been working as an estate agent for the last 6 years so have a good idea of how the property market works.

My question is which is the best qualification to get? There seems to be the CEmap qualification from the IFS and the Mortgage advice certificate from the CII. Do people have experience of one or the other? CEmap is the one that seems to be detailed on job adverts.

Any advice would be greatly appreciated.

Many thanks
Fozlnf

 

[fozlnf]

Jeff

Thanks for your reply. Well, having spent the last 6 years in estate agency I am fully aware of the condition of the mortgage market. It is for this very reason that I am considering a career in mortgage advice. I cant remember how many times i have refered buyers over to mortgage brokers in the last couple of years. They have struggled to get finance on their own due to the tighter market these days, but almost everytime the brokers have been able to (with a bit of creativity and knowledge) arrange finance for them or at least open their eyes to better products that they wouldn't have had access to on their own.

Yes it is a tight market, but i think this is when Broker's earn their money and are sought after for expert advice.

 

[BusinessRookie]

I hope someone can help.

I am hoping to change careers and get into mortgage broking and am after some advice on how to do it. I have been working as an estate agent for the last 6 years so have a good idea of how the property market works.

My question is which is the best qualification to get? There seems to be the CEmap qualification from the IFS and the Mortgage advice certificate from the CII. Do people have experience of one or the other? CEmap is the one that seems to be detailed on job adverts.

Any advice would be greatly appreciated.

Many thanks
Fozlnf

Hi,

CeMap is the one to take purely for mortgage advice. CII is for financial advice. The market is down right now but that means that there is a natural turnover of people who want to give up, making room for those who are more determined. IFS provide the CeMap qualification. I'd recommend self-studying if you put the time aside, highlight paragraphs and write lots of notes!
It's a computer based exam for all 3.

Good luck!