Mortgage advisers are not taking training seriously. New research by HomeLoan Partnership (HLP), the mortgage brokers network, has discovered 90% of dedicated mortgage brokers have failed to register for CeMap or MAQ exams. This lack of interest is partly explained by the finding that 30% of brokers have no idea that they are obliged to pass CeMAP or MAQ by the end of next year in order to be able to continue offering mortgage advice.
HLP polled over 700 brokers during a series of roadshows in October and November. The results, including the fact that 65% had never heard of CP98, astonished Steve Hoare, HLP’s managing director. He said: ‘The amount of lethargy out there, with regards to CeMAP and CP98, astounded me. Brokers are not taking any notice yet ‘ they think it is a year away and that it can be left to the last minute.’