The single module qualification addresses the fundamentals of commercial mortgages and the key differences between advising business customers and personal customers. The qualification covers: the common types of products and schemes; the legal and regulatory framework; factors affecting the value of commercial property; risk management in the various commercial sectors; information gathering; affordability; suitability and breaches of payment.
“The commercial mortgage sector is an excellent way to expand into new markets,” commented Mark Roberts, head of faculty financial regulation, at the ifs. “CeCM addresses the needs of intermediaries who are looking in that direction to broaden the scope of their business.”
The new qualification has been developed with the National Association of Commercial Finance Brokers (NACFB) and advisers who complete the qualification will be entitled to a discount on NACFB membership. Additionally, CeCM can be taken as an option module within the Advanced Certificate in Mortgage Advice and Practice (Advanced CeMAP®).
