How to become a Mortgage Adviser

Mortgage advice is a crucial role for many people. As a Mortgage Adviser, you will help people with the biggest purchase of their life – their home.

Due to stringent financial rules, mortgage advice is a specialist subject in the finance industry, therefore a qualification is vital to show employers and clients that you have the relevant knowledge and skills to:

  1. Best represent your employer
  2. Deliver the best service and outcome to your clients

Side note: It is also possible to become self-employed as a Mortgage Adviser, but that is for another day.

Your duties will ultimately build to providing people with advice on which mortgage is right for them, which will help them to purchase a property, or re-mortgage their current home.

You don’t need a degree to become a Mortgage Adviser, but gaining an industry recognised qualification is a necessity. The Certificate in Mortgage Advice and Practice (CeMAP®) is the UK’s most prestigious qualification in mortgage advice, with over 80% of professionals holding the certificate.

The CeMAP® qualification is accredited by the London Institute of Banking and Finance (LIBF), it is also recognised and approved by the Financial Conduct Authority (FCA) as a mark of excellence, allowing any professional who holds it to legally provide mortgage advice with a “licence to practice”.

CeMAP® is seen as the industry benchmark and you will not be able to advise clients if you haven’t passed it.

One of the most appealing features of CeMAP is that you don’t need previous experience in the finance industry or housing market to begin. You will learn everything you need to become a Mortgage Adviser with the CeMAP course, including UK financial service and regulation, mortgage specifics and how to implement your knowledge in case study scenarios.

Once you have studied, it is important to revise for the exams. e-Careers have compiled a list of top exam tips in revising for the CeMAP exams.

Finally, it is important to find training resources that are LIBF approved. e-Careers offer CeMAP classroom and online options that are recognised learning support materials.