Applicants will be asked to provide basic eligibility information, a personal statement outlining their interest in the mortgage profession and an explanation of how the scholarship will support their career development.
Applicants can send their application to the dedicated inbox: scholarship@themortgagemum.co.uk
The deadline for applications is 20 February.
The scholarship will offer three successful applications fully funded access to the LIBF’s CeMAP qualification, as well as “tailored mentoring, industry insight, and personalised career development guidance” from The Mortgage Mum’s performance managers.
The scheme, which was initially announced near the end of last year, was launched to “create opportunities for individuals from underrepresented communities aspiring to enter the mortgage and financial services profession”.
Sarah Tucker (pictured), founder and CEO of The Mortgage Mum, said: “The mortgage industry can be an incredible career – but too often, the route in isn’t equally accessible to everyone.
“This scholarship is about removing barriers and opening doors. We’re funding training, but more importantly, we’re providing mentoring, encouragement, and real industry insight – giving someone the support they need to take that first step, and hopefully creating a ripple effect from there.
“We want people from underrepresented backgrounds to see this profession as one they belong in – and one they can truly thrive in.”
John Somerville, director of financial services at the LIBF, part of Walbrook Institute London, added: “It’s great news that applications are now open for this new scholarship with The Mortgage Mum and LIBF, which we first announced in October last year.
“We believe education should be for everyone and want to remove barriers to entering the profession. Along with the support from Sarah’s team at The Mortgage Mum, the successful applicants will have free access to our industry-leading CeMAP qualification, as well as receiving LIBF membership for the duration of their studies.
“We’re proud to be part of this scheme and are looking forward to hearing more from all the applicants keen to start their careers in mortgage advice.”
