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Scottish Widows Bank Revision Round-up

Part A of the syllabus for Cemap paper three and the bridge paper is entitled Advising Mortgage Clients and, unsurprisingly, candidates score relatively well in most parts of this section. This is probably for two main reasons.

First, much of this subject area is covered in the earlier parts of the Institute of Financial Services&#39 study manual. Students are therefore more likely to have studied the material in detail before study fatigue sets in.

Second, an experienced mortgage adviser may have rather more chance of answering some of the questions in this section on the basis of their experience in the industry than is the case for some other parts of the syllabus including, for example, post-completion matters.

However, students should remember that experience alone will not ensure a pass, even in the section dealing with giving advice to mortgage clients. If students place too much trust in their own knowledge and experience, they may well be tempted to skim or skip completely some areas of the syllabus in the belief that they already know and understand the contents. This belief can sometimes be mistaken and could be costly in the examination.

Experience as a mortgage adviser is helpful but, without a structured programme of study, the chances of passing the Cemap examinations are, to say the least, limited.


Axa Isle of Man – Defensive Bond

Wednesday, May 29, 2002Type: Unit-linked bondAim: Income and growth by investing in the Liberty Ermitage assetselection fundMinimum investment: Lump sum £25,000Place of registration: Isle of ManInvestment split: 100% in the Liberty Ermitage asset selectionfundIsa link: NoCharges: Initial 0.43% a quarter for first four years, annual£25,000-£49,999 0.25%, £50,000-£99,999 0.2%, £100,000-£249,9990.17%, £250,000-£499,999 0.15%, £500,000 and above 0.14%, […]

Newcastle Building Society – Income & Growth Property Bond

Monday, May 27, 2002Type: Guaranteed growth bond and high interest accountGUARANTEED GROWTH BONDMinimum-maximum investment: £1,000-£500,000Term: Three or five yearsInterest rate: 4% gross a yearCharges: ImplicitReturn: 100% of growth in the Halifax Price Index for three year term,120% of growth in the Halifax Price Index for five year termGuarantee: Capital returned in full regardless of movement […]

&#39Borrowers returning to building societies for best mortgage deals&#39

Building societies reached their highest mortgage lending total for 13 months in April.Figures from the Building Societies&#39 Association show societies&#39 lending at £2.673bn in April up from £2.67bn in March and £1.9bn in April 2001.BSA figures for April reveal net advances rose to £788m from £682m the previous month and £628m last April.But approvals, loans […]

Yorkshire Guernsey launches fixed rate bond

Yorkshire Guernsey is launching a two year fixed rate bond paying 5.3 per cent gross a year.The bond which matures on June 30, 2004 has a minimum investment of £5,000 and a maximum of £500,000 and is available through the post.Interest is paid gross at maturity an can be added to the bond or paid […]


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