Approximately 1,000 advisers have now passed the RQF Level 4 certificate in Advanced Mortgage Advice, according to The Society of Mortgage Professionals.
Launched in the autumn 2014, the Chartered Insurance Institute (CII) qualification provides a logical next-step for owners of the Level 3 certificate in mortgage advice, and only requires completion of the R07 advanced mortgage advice unit where R01 and CF6 are held.
Vishal Pandya, The Society of Mortgage Professionals’ head of operations, commented: “Reaching the 1,000-mark in such a relatively short space of time is testament to the value of the qualification and the adviser community’s desire to voluntarily further their professional expertise.”
The qualification was designed to enable advisers to diversify their skills into areas such as financing foreign properties, auctions, bridging finance and other specialist mortgage lending types – putting mortgage and protection professionals on par with their investment counterparts.
Hazel Bowen, a chartered financial planner with Smith & Pinching in Norwich, confirmed its success, claiming the exam to be a “valuable differentiator” to both clients and professional contacts.
“I passed it shortly after it was launched, to enhance my knowledge and help demonstrate my commitment to being an expert in my field,” she said.
“Not only has obtaining it helped me to attain chartered status, it has also given me a broader knowledge of the housing market and enabled me to provide true holistic advice.”
Richard Cohen, director of Worthing-based Nsure also recommends the qualification to fellow mortgage advisers: “Even though mortgages are a small part of what I do, I believe in being as qualified as possible,” he said.
“It is 15 years since I gained my last mortgage qualification and the L4 certificate was more in-depth than I envisaged, but well worth the effort.”