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2014 sees leap in CeMAP registrations – IFS

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  • 03/02/2015
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2014 sees leap in CeMAP registrations – IFS
The number of people studying to become mortgage brokers saw a 16% hike in 2014 compared to 2013, findings reveal.

According to the Institute of Financial Services (ifs), growth in individuals registering to take the Certificate in Mortgage Advice and Practice (CeMAP) was “another sign of strength” for the mortgage industry.

Phil Hall, special adviser to ifs said: “With thousands of individuals choosing to become mortgage professionals this will not only ensure that rising demand for mortgage advice is met but that fresh blood is available to replace those who are retiring or switching careers.

“Mortgage advisers are quite rightly being held in increasingly high esteem, the housing market remains fairly buoyant and so entering the mortgage advice sector is now a viable career option for many. As a result we expect demand for the industry benchmark CeMAP qualification to continue on an upward trajectory.”

David Hollingworth of London & Country Mortgages welcomed the rise in individuals taking an interest in the industry: “We have continued to successfully recruit new advisers in recent years but it would not be a surprise to see a growing number of registrations as the market has picked up.

“As market activity increased there was always going to be a need for firms to grow capacity to meet demand so it’s very encouraging to see firms seeking to attract new brokers. It is also good to see new blood coming into the industry, no doubt boosted by the growing confidence that the more stable market conditions bring.”

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