FAQS
What qualifications do I need to be a mortgage advisor?
To become a mortgage advisor in the UK, you need a Level 3 FCA-recognized qualification, such as:
- CeMAP (Certificate in Mortgage Advice & Practice) – Most common
- CII Certificate in Mortgage Advice
- IFS School of Finance Mortgage Advice qualification
Some employers may also require work experience or regulatory training.
How much does a CeMAP course cost?
- Self-study: £500 – £700
- Online courses: £700 – £1,200
- Classroom training: £1,500 – £2,500
- Exam fees are included in most courses, but standalone exams cost around £200 per module.
Can you be a mortgage advisor without CeMAP?
No, to legally provide mortgage advice in the UK, you must have a Level 3 FCA-recognized qualification like CeMAP.
How long does it take to complete a CeMAP course?
- Full-time study: 6-8 weeks
- Part-time/self-paced study: 3-6 months
- Fast-track courses: As little as 2-4 weeks
Is CeMAP hard to pass?
- CeMAP has a 65-70% pass rate.
- The exam is multiple-choice and requires memorization of regulations and mortgage processes.
- With regular study, most candidates pass within 6 months.
How much does a mortgage advisor make?
- Trainee mortgage advisor: £20,000 – £30,000 per year
- Qualified mortgage advisor: £30,000 – £50,000
- Experienced advisors (commission-based): £70,000+ per year
- Self-employed mortgage brokers can earn six figures with a strong client base.
Can you do CeMAP for free?
No, but:
- Some employers sponsor employees for CeMAP training.
- Government funding may be available for eligible candidates.
- Some training providers offer payment plans or financing options.
Is a mortgage advisor a good career?
Yes! Being a mortgage advisor offers:
Good salary & commission potential
Job security (high demand for mortgage advisors)
Flexible working options (self-employed or firm-based)
Progression opportunities (e.g., moving into financial planning)
How long does it take to train as a mortgage advisor?
- With full-time study: 6-12 weeks
- Part-time/self-study: 3-6 months
- Including work experience: Up to a year to get fully licensed and working.
Is CeMAP equivalent to a degree?
No, CeMAP is a Level 3 qualification, similar to an A-Level.
For higher education equivalents:
- A Level 4 qualification (e.g., DipFA) is closer to a foundation degree.
- A full degree in finance or business is higher than CeMAP.