The Institute of Financial Services (ifs) has opened registrations for its new Certificate in Commercial Mortgages (CeCM) today.
It says the single module qualification addresses the fundamentals of commercial mortgages and the key differences between advising business customers and personal customers.
The qualification covers:
- The common types of products and schemes;
- The legal and regulatory framework;
- Factors affecting the value of commercial property;
- Risk management in the various commercial sectors;
- Information gathering;
- Suitability; and
- Breaches of payment.
Mark Roberts, head of faculty financial regulation at the ifs, says: “CeCM addresses the needs of intermediaries who are looking in that direction to broaden the scope of their business.”
CeCM can also be taken as an option module within the Advanced Certificate in Mortgage Advice and Practice (Advanced CeMAP).
It has been developed with the National Association of Commercial Finance Brokers (NACFB) and advisers who complete the qualification will be entitled to a discount on NACFB membership.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Emily Perryman on 020 7968 4554 or email [email protected].IFAonline
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