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Booming demand for mortgage training courses

Mortgage distribution group First Mortgage Options says it has been inundated by demand for Cemap training courses since M-Day.

In response to increased demand for more training, FMO has decided to launch a fasttrack Cemap training course.

FMO director of compliance and training David Espin says a number of significant changes have been made to the structure of Cemap and it is now more difficult to pass.

Espin says paper three now tests students on the application of their knowledge for both papers one and two, in addition to a minimum pass rate which is now required for each section of the individual papers.

FMO is running three-day and four-day fasttrack courses on January 18 for Cemap 1 and February 15 for Cemap 2 and 3.

The courses are priced at 895 for the three-day course and 995 for athe four-day course, which includes Institute of Financial Services registration, course material, past papers, accommodation, lunch and exam fees.

The company has run courses since April 2002 and claims a high pass rate, with 90 per cent of students passing the exam first timeEspin says: ” Brokers and IFAs who have not passed the Cemap 1,2 or 3 examinations prior to M-Day now realise that under the two-year rule they will not be able to provide advice on mortgages. Obviously, this led to a focusing of attention on the need to sit and pass these exams.”

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