MortgagesOct 18 2016

500 mortgage advisers achieve Level 4 certificate

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500 mortgage advisers achieve Level 4 certificate

Some 500 mortgage advisers have completed the Level Four Certificate in Advanced Mortgage Advice since its launch two years ago.

A survey of existing Level Three certificate holders by the Society of Mortgage Professionals showed more than 70 per cent were planning on progressing to the next level.

There have been 150 advisers enrolled for the qualification in the past two months alone.

Lee Travis, SMP head of professional development, said: “The fact that 500 advisers have already gained the extra qualification is testament to the growing desire within the mortgage market for a higher level of professional qualification.

“It is an ideal next-step for those who currently hold the Chartered Insurance Institute Certificate in Mortgage Advice and only requires completion of one further unit - the R07 advanced mortgage advice - if R01 and CF6 are held.”

The QCF Level Four certificate was introduced by the Chartered Insurance Institute in August 2014.

It covers areas such as bridging finance, auctions, financing foreign properties and other specialist types of lending.

Earlier this year the SMP said its membership had broken through 8,000 for the first time.

It was created in 2005 by its parent body, the CII, to provide focus and momentum for the professional development of all those working in the mortgage market, across lending, administration, advice, broking and associated support functions.