ifs sees MMR impact on qualifications
The final MMR rules reaffirm the Financial Services Authority’s commitment that all mortgage intermediaries must hold a relevant mortgage qualification.
The ifs DipMAP® is the only level four qualification in mortgage advice available in the UK and builds on the ifs level three qualification, the Certificate in Mortgage Advice & Practice (CeMAP).
Commenting, Anne Kiem, chief executive of the Institute, said: “Publication of the final MMR rules appears to have focused the minds of many in the mortgage advice market as they look to go beyond the minimum requirements of CeMAP by gaining the higher level DipMAP qualification.
“This is good news for the industry as it raises skills and competence further and is equally good news for consumers.”