The Chartered Insurance Institute is forming a partnership with further education colleges in a bid to encourage young people to become mortgage advisers.
CII society of mortgage professionals chief executive Richard Fox says it has been in discussions with a number of colleges and will look to run a couple of pilots in the next academic year.
He says: “One option that we are considering is to incorporate one of our qualifications into the final papers of a college’s business and finance course. This is something that we are already working on and there is Government funding available for this type of scheme.
“We need to have people at colleges coming into the mortgage industry and this would be a good way to encourage students to become mortgage advisers.”
The CII has already established links with Orpington College and Leeds Met. Fox says it could also be worthwhile to create links with local employers around these colleges.
He says: “A lot of young people do not realise that they can earn very good money as an adviser. Mortgage advice is extremely off the radar, most young people do not even consider it as a job. But with an ageing workforce, we need to make sure that we get young people into the industry.”