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
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.