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CeMap exam holders set to triple to 24,000

The number of IFAs and brokers with the CeMap mortgage exam could triple


by the end of the year.


About 7,600 people currently hold CeMap, with 16,368 waiting to sit the exam.


The Chartered Institute of Bankers, which sets the exam, refuses to reveal


pass rates but this could mean 23,977 CeMap-qualified brokers and IFAs in


the next nine months.


The Council of Mortgage Lenders says it has had a “clear steer” from the


FSA and the Treasury that they want training in place for mortgage


advisers.


But this still leaves a large proportion of mortgage sellers without the


qualification. CIB says there are about 70,000 brokers and intermediaries


in the UK who could enter the exam.


Of those already qualified, 4,234 passed through the CeMap paper which is


designed for advisers who already hold the Certificate for Financial


Advisers or Financial Planning Certificate.

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