Although the final syllabus has yet to be confirmed it is exepcted to launch in 2006, and it is anticipated that this module will address the specialist lending requirements of this sector and the range of products that are now available to this market.
"There has been much growth in the commercial sector in recent months with many lenders developing new products that are more in keeping with those currently available in the private sector, " commented Mark Roberts, head of faculty - financial regulation, at the ifs. "This module offers a means of
demonstrating specialist knowledge and competence for those already advising in this area; it can also be used to extend knowledge for those who wish to branch into this market."
Upon successful completion of the module candidates will be able to analyze customer proposition, recommend and apply suitable and affordable mortgage solutions, taking into account any existing arrangements, using knowledge and understanding of:
* the advice process
* the market for commercial mortgages and related solutions
* common types of finance
* the regulatory and legal framework
* the different types of mortgage solution and the criteria for
determining their suitability and affordability.
The new module forms part of the new Advanced CeMAP launched earlier this year. Candidates will now have a choice of 3 specialist product modules:
Lifetime Mortgages, Alternative Residential Lending and Commercial Mortgages.
