Mortgage News
MMR causes 10% increase in broker demand for training
The publication of the final Mortgage Market Review (MMR) rules has caused the number of advisers registering for mortgage qualification courses to jump 10%.
The Institute of Financial Services has reported the increase in people registering for its Diploma in Mortgage Advice and Practice (DipMAP) since the release of the MMR three weeks ago.
The organisation said that broker were increasingly eager to make sure their qualifications were as comprehensive as possible.
Anne Kiem, chief executive of the Institute of Financial Services, said that the release of the new rules had made brokers think about the level of qualifications they hold.
“Publication of the final MMR rules appears to have focused the minds of many in the mortgage advice market as they look to go beyond the minimum requirements of CeMAP by gaining the higher level DipMAP qualification.
“This is good news for the industry as it raises skills and competence further and is equally good news for consumers.”
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