n from lenders increases, a CeMAP trained adviser with good product knowledge is vital for customers to make an informed choice.

A spokesman for the Institute of Financial Services (the CeMAP examining body), Phil Hall, also said, “The industry must do its utmost to get new blood in. We are moving in the right direction; whether that is sufficie

CeMAP training is the key to the door for a career as a mortgage adviser. But are those doors now closed? Or is there still opportunity for someone who has recently completed their CeMAP training? For anyone looking at the CeMAP qualification for the first time, the answers to these questions are a vital part of the decision making process. After all, why embark on CeMAP training if there is a diminishing chance of a job at the end of the road?

These questions have recently been the topics for discussion in the mortgage industry trade magazine Mortgage Introducer. The most compelling information in the article was that the average age of mortgage advisers in the UK is 50 plus. Of course, in this statistic there will be a number of advisers in their 20’s, 30’s and 40’s but there will be a corresponding number in their late 50’s and early 60’s. And this statistic is what is terrifying those in the industry.

Simply put, there are a large number of advisers approaching retirement age, and a severe shortage of people undertaking CeMAP training to come into the industry. As one industry insider described the situation, “The lack of new blood coming into the industry is an ongoing issue, as the average age of brokers is around 50 years old.” The consumer base certainly still needs professional advisers to assist in the mortgage process and, as products become more complex and competition from lenders increases, a CeMAP trained adviser with good product knowledge is vital for customers to make an informed choice.

A spokesman for the Institute of Financial Services (the CeMAP examining body), Phil Hall, also said, “The industry must do its utmost to get new blood in. We are moving in the right direction; whether that is sufficien

why embark on CeMAP training if there is a diminishing chance of a job at the end of the road?

These questions have recently been the topics for discussion in the mortgage industry trade magazine Mortgage Introducer. The most compelling information in the article was that the average age of mortgage advisers in the UK is 50 plus. Of course, in this statistic there will be a number of advisers in their 20’s, 30’s and 40’s but there will be a corresponding number in their late 50’s and early 60’s. And this statistic is what is terrifying those in the industry.

Simply put, there are a large number of advisers approaching retirement age, and a severe shortage of people undertaking CeMAP training to come into the industry. As one industry insider described the situation, “The lack of new blood coming into the industry is an ongoing issue, as the average age of brokers is around 50 years old.” The consumer base certainly still needs professional advisers to assist in the mortgage process and, as products become more complex and competition from lenders increases, a CeMAP trained adviser with good product knowledge is vital for customers to make an informed choice.

A spokesman for the Institute of Financial Services (the CeMAP examining body), Phil Hall, also said, “The industry must do its utmost to get new blood in. We are moving in the right direction; whether that is sufficie

his statistic there will be a number of advisers in their 20’s, 30’s and 40’s but there will be a corresponding number in their late 50’s and early 60’s. And this statistic is what is terrifying those in the industry.

Simply put, there are a large number of advisers approaching retirement age, and a severe shortage of people undertaking CeMAP training to come into the industry. As one industry insider described the situation, “The lack of new blood coming into the industry is an ongoing issue, as the average age of brokers is around 50 years old.” The consumer base certainly still needs professional advisers to assist in the mortgage process and, as products become more complex and competition from lenders increases, a CeMAP trained adviser with good product knowledge is vital for customers to make an informed choice.

A spokesman for the Institute of Financial Services (the CeMAP examining body), Phil Hall, also said, “The industry must do its utmost to get new blood in. We are moving in the right direction; whether that is sufficie

aining to come into the industry. As one industry insider described the situation, “The lack of new blood coming into the industry is an ongoing issue, as the average age of brokers is around 50 years old.” The consumer base certainly still needs professional advisers to assist in the mortgage process and, as products become more complex and competition from lenders increases, a CeMAP trained adviser with good product knowledge is vital for customers to make an informed choice.

A spokesman for the Institute of Financial Services (the CeMAP examining body), Phil Hall, also said, “The industry must do its utmost to get new blood in. We are moving in the right direction; whether that is sufficie

n from lenders increases, a CeMAP trained adviser with good product knowledge is vital for customers to make an informed choice.

A spokesman for the Institute of Financial Services (the CeMAP examining body), Phil Hall, also said, “The industry must do its utmost to get new blood in. We are moving in the right direction; whether that is sufficient only time will tell.” So there is still a growing shortage of mortgage advisers and, without CeMAP training, that shortage could become a major problem.

What is the best approach to take if you are considering a career in the mortgage industry? The first step has to be to undertake a CeMAP training course so that you have the required qualification for the mortgage adviser role. Once you are CeMAP qualified, a good training company will introduce you to companies that are recruiting in your area. With the job market as it is, there is certainly no reason to be considering any schemes that involve you paying for a job in the industry, for example, with the so-called franchise ‘opportunities’.

Once you have completed your CeMAP training then the company that you are recruited by will teach you about their products, the sourcing software, and the sales process that they need you to follow. As you will find out during your CeMAP training, the mortgage industry is regulated so that each company has a process to follow when giving advice to ensure that the sales process is compliant.

In conclusion, according to sources in the mortgage industry, and the CeMAP training regulatory body - the Institute of Financial Services, there is a growing need for newly qualified people for recruitment into the business. This all bodes very well for people looking to enter the industry when th