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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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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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