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Do you need a degree to become a mortgage advisor?

Do you need a degree to become a mortgage advisor?

Mortgage advisors assist those who are looking to purchase a property, helping them to decide which mortgage is right for them. This job is heavily finance based and can be complex at times. So, if you consider yourself to be good with numbers, you’re a clear communicator and have the motivation to hit targets, you may find that this type of role is perfect for you.

If you’re looking to head down this particular career path, you might assume that you will need a degree to succeed. However, a stint at university is not essential if you’re hoping to pursue employment in this field. So what is actually needed in order to become a mortgage advisor? Let’s have a look at some of the requirements you’ll need and what is likely to be expected of you in order to thrive in this position.

Qualification requirements

While a degree is not necessary, you will still need to obtain a qualification in mortgage advice. The qualification you get will also need to be recognised by the Financial Conduct Authority (FCA) and meet specific industry standards. The Certificate in Mortgage Advice and Practice (CeMAP) is one of the most popular and firmly established mortgage qualifications with around 80 per cent of mortgage advisors having achieved this. You can gain your CeMAP certificate independently online using a financial advisor training specialist such as http://www.simplyacademy.com/.

In addition to this, it may also help if you have GCSEs in English and Maths.

Training and studying

Becoming a mortgage advisor requires you to undergo a substantial amount of training and studying. For example, the CeMAP qualification consists of three separate modules, each of which includes several units. Some people may take six months to complete this course, while others may take up to two years. It is advised that you study for approximately 200 hours before attempting to pass the qualification, so you’ll need to be dedicated and willing to study hard, especially if you’re completing the course alongside a full or part-time job or other studies. Once you’ve finished your studies and passed your CeMAP qualification, you can then start to apply for mortgage advisor jobs.

By taking this information on board, you should find becoming a mortgage advisor much easier. These handy tips should prepare you for what you need to achieve before you start applying for jobs in this field of work.

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