Under FCA rules it is compulsory to have an appropriate qualification if you wish to give advice on mortgages. The Certificate in Mortgage Advice and Practice (CeMAP®) awarded by The London Institute of Banking & Finance meets the requirements identified by the Financial Services Skills Council (FSSC), is accredited by the Qualifications and Curriculum Authority (QCA), and incorporated into the National Qualifications Framework at level 3.
Most importantly, it is recognised by the Financial Conduct Authority (FCA) as an appropriate qualification.
The CeMAP® qualification is made up of 3 modules, all of which must be completed to achieve the qualification.
- CeMAP® module 1: UK Financial Regulation.
- CeMAP® module 2: Mortgages.
- CeMAP® module 3: Assessment of Mortgage Advice Knowledge.