Almost all mortgage advisers are now registered, and the latest figures from the MCCB show that 51,120 advisers have registered with the Institute of Financial Services (ifs) for the Certificate in Mortgage Advice (CeMAP) or the CeMAP ‘Bridge’ paper, and over 19,000 of these having now qualified. The Chartered Insurance Institute (CII) has reported 12,000 registrations for the MAQ, with 5,500 having qualified.
Luke March, chief executive of the MCCB, said: "We are nearly at the milestone of 40 per cent of the estimated population of mortgage advisers being qualified – and we look forward to reporting on many, many more prior to December. Through past research we are well aware that fully trained and qualified sales people are more likely to provide a better, more professional service to customers. It is therefore essential for the industry that we all maintain the momentum in raising standards."
"For those advisers who have not yet booked their exam dates we suggest doing so quickly to avoid difficulties in December. We also strongly recommend advisers to plan enough time for adequate study, and to leave some ‘slack’ in their personal timetables to allow having to re-take a paper if exceptionally required."
