Judging by the number of enquiries coming through for CeMAP training courses, whether for CeMAP 1 or the combined CeMAP 2 & 3 course, there are still many people interested in getting into the financial industry and particularly in becoming a mortgage advisor. In the long run, we have all seen that house prices rise and in the British way of life, we all want to own our own property.
However, thanks to the credit crunch and the recession we find ourselves in it is perfectly natural that people are questioning whether taking CeMAP training right now is a good idea or not.
House prices have fallen over the last year or two, however, people still want mortgages. The reasons why people want a mortgage have varied slightly because there are more people wanting to sell because they cannot afford their current mortgage, there are property developers trying to release equity from their homes and there are remortgages everywhere as people search to find the best deal for their circumstances.
The Government and banks are putting measures in place to help stimulate the housing market, and people feel the need to have a mortgage advisor or mortgage broker on hand to help guide them through the new maze of mortgages. Capped rate mortgages are making more of an appearance again now; these had become less popular in the last decade or so because the UK market has enjoyed stable low interest rates and competitive mortgage deals. The type of mortgage deals on offer now are changing to adapt to the new mortgage market and people need mortgage advisors to help them find their most suitable mortgage for their situation.
CeMAP training does take time too. By taking the full time, intensive CeMAP training courses back to back and then taking the exams straight away you could pass your CeMAP exam in just a few weeks, but that would be very challenging for anybody. We recommend taking one full time course over a week, either the CeMAP 1 or the CeMAP 2 & 3 combined course, and then taking the exam about ten days later. Then repeat with the remaining CeMAP 1 or CeMAP 2 & 3 course. Of course, it might take a little longer if you have to plan time off work to do the courses or if you have to do home study.
It takes around 6 months to one year to become a fully competent mortgage advisor, so according to the experts, the recession will be on its way out by then anyway.
One great thing about becoming a mortgage broker is that you can be either employed by another firm or work for yourself.
If you are not sure if CeMAP training is the right move for your career right now, then speak to a reputable CeMAP training company. A reputable training provider will be happy to answer any of your questions.