Some five hundred mortgage professionals have completed the Level 4 Certificate in Advanced Mortgage Advice since its launch two years ago, the Society of Mortgage Professionals has revealed.
What’s more, over 70% of existing Level 3 certificate holders are planning to progress to Level 4, a recent survey found. In fact, 150 have enrolled for the qualification in the last two months alone.
Introduced by the Chartered Insurance Institute (CII) in August 2014, the QCF Level 4 Certificate allows advisers to diversify their skills into areas such as bridging finance, auctions, financing foreign properties and other specialist types of mortgage lending. The aim is to ensure mortgage and protection professionals are on the same level as their investment counterparts.
Lee Travis, the Society of Mortgage Professionals head of professional development, commented: “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.
He added: “It is an ideal next-step for those who currently hold the CII Certificate in Mortgage Advice and only requires completion of one further unit - the R07 advanced mortgage advice - if R01 and CF6 are held.”
For more information about the Level 4 Certificate and how to enrol, you can click here.