Cemap 1 Help???

Mr_helpful

Cute_n_Quirky wrote: »

Folks on here are afraid of competition in the mortgage market

Not true in my case but I can see what you mean. it explains much of the squabbling ie my ways better than yours mentality. The majority of our work comes from referals and the internet not this site which is why I dont spend too much time here.

dunstonh

I disagree on all of this.

Cemap is CSE level. FPC is A level, Diploma is BA (hons), advanced diploma is degree level.

You tell me which you think is the hardest.

Also, doing the job is far easier than sitting the CeMaps.

If that is the case why do half of new recruits leave the industry within 2 years unable to make a success of it?

Statistically, half the new mortgage advisers posting on this thread will not make it.

I remember you (and others) trying to put me off in exactly the same way!!

I have only ever posted warnings that it is not easy to survive the role unless you have the ability to get clients. Those that think they can do it by advertising in paper and wait for people to come to them are heading for failure.

Folks on here are afraid of competition in the mortgage market - even though you are an IFA yourself.

As you said, I am an IFA, not a mortgage adviser. No competition to me at all.

Whenever anyone enters into a business they need to do their research and understand the risks and rewards and what is required. A lot of these training centres give the impression that once you pass the exams that you are going to earn lots of money and find its an easy life. That isnt the case for most people. Some will get a job in a bank or estate agent where the footfall comes in making it easy for them (although luck plays there as well as some branches are better than others). Some will find a job in an IFA office and will be the only mortgage adviser and get a good workload. Some will find they are one of a dozen mortgage advisers in an IFA office all scrabbling for the same business.

It's not about putting people off but giving them a realisation of what its going to be like. What ever way you look at it, the cemap exams are the easist of the lot and unless you have the ability to get clients, you are not going to be doing the role very long. Those that tend to leave also tend to go with a lot of debt as they hold on too long hoping it will come right.

I would be more than happy for all of you to succeed. However, start being realistic about the level of the exam and do your research about the different business models and how you are going to succeed (or not).

justpaper

sorry if this is going off topic, but i didnt want to start another thread,

i just wanna know, if the your able to just self study and take the exams yourself, if so how much are the exams, ive been told cemap 1 is 50 odd quid ? :rolleyes: i wouldnt be amazed if it is,...

...i did a mcp 8yrs back paid stupid money for it( The good old IT sector HYPE!! "soon pc robot will help you take a p!ss,"), and found out i could of just bought the books and self studied and done the exams for a few quid, MCP test 120GBP ish ,.


anyways any help then thank you,

lol i think i just answered my own Q: £130.00 per module,
but ill leave it up for others to see,

beemanu

Hello all, I am new to this site and sorry i know this is little off the topic. .. .I am also planning to do my cemap 1,2,3.I was going thru this thread and hv noticed many of you mentioning Training 4us for the course. would you guys recommend this company for the course . or any one heard anything about Herne group ? I have checked with Herne group and they charge you around £750 +vat for the full course. i am not sure if they are worth it.I am not able to find much details of Training4us .Pls advise.Thanks

Saferider_2

I did my training with

http://www.trainingrus.co.uk/index.php/home

and found the course well run informative and easy to follow with them.

HTH

ohmsoft

Having completed CeMAP and FCP I actually found some of FCP easier! - I actually thought that they were both Level 3 qualifications although the FCP is more time consuming.

Wonder if the OP has considered taking CF1 instead? It covers the same points but the questions are posed differently - I also believe the CII (the body that runs the exams) provide much better study materials. While I found the exams easy (as I did my University exams and am now finding the AFPC) I am reluctant to suggest everyone should. Unfortunately, some folk just fold under exam conditions despite, imho, being perfectly fit for the job - I see it all to often. I would strongly endorse the suggestions re exam technique.

BLUroma

beemanu wrote: »

Hello all, I am new to this site and sorry i know this is little off the topic. .. .I am also planning to do my cemap 1,2,3.I was going thru this thread and hv noticed many of you mentioning Training 4us for the course. would you guys recommend this company for the course . or any one heard anything about Herne group ? I have checked with Herne group and they charge you around £750 +vat for the full course. i am not sure if they are worth it.I am not able to find much details of Training4us .Pls advise.Thanks

Hello, Not sure if you actually mean 'Training R Us', you have put Training 4 Us. Maybe that's why you can't find too much on them, if you actually got the name wrong. I did my CeMap 2 & 3 with Tracy @ Training R Us...she's fantastic!!! I highly recommend her/them. I first found out about them thru another thread on this forum. I was originally set to take my exams 2 weeks after the course, but unfortunately got ill, so couldn't. I wrote to the IFS explaining why I couldn't make the exam as I was too ill on the day and gave them a Doctor's note (which cost me £10) and asked for a free re-sit. IFS granted my free re-sit!!! Thank you very much IFS!!! So now I have my CeMap 2 exam next week. I'm very confident that the course will make a huge difference for me. I didn't do any studying for 2 weeks because of being ill and once I started studying again I found my retention of the information was still very high. I definitely attribute that to the course!!! I did CeMap 1 thru home study and found that if I didn't constantly study the information disappeared from my memory a lot quicker. Training R Us was very accommodating to my schedule as well. Anyway, check them out: www.trainingrus.co.uk > GOOD LUCK!!! ~ BLUroma

Cute_'n'_Quirky

dunstonh wrote: »

Cemap is CSE level. FPC is A level, Diploma is BA (hons), advanced diploma is degree level.

You tell me which you think is the hardest.




If that is the case why do half of new recruits leave the industry within 2 years unable to make a success of it?

Statistically, half the new mortgage advisers posting on this thread will not make it.



I have only ever posted warnings that it is not easy to survive the role unless you have the ability to get clients. Those that think they can do it by advertising in paper and wait for people to come to them are heading for failure.



As you said, I am an IFA, not a mortgage adviser. No competition to me at all.

Whenever anyone enters into a business they need to do their research and understand the risks and rewards and what is required. A lot of these training centres give the impression that once you pass the exams that you are going to earn lots of money and find its an easy life. That isnt the case for most people. Some will get a job in a bank or estate agent where the footfall comes in making it easy for them (although luck plays there as well as some branches are better than others). Some will find a job in an IFA office and will be the only mortgage adviser and get a good workload. Some will find they are one of a dozen mortgage advisers in an IFA office all scrabbling for the same business.

It's not about putting people off but giving them a realisation of what its going to be like. What ever way you look at it, the cemap exams are the easist of the lot and unless you have the ability to get clients, you are not going to be doing the role very long. Those that tend to leave also tend to go with a lot of debt as they hold on too long hoping it will come right.

I would be more than happy for all of you to succeed. However, start being realistic about the level of the exam and do your research about the different business models and how you are going to succeed (or not).

Actually CeMap is classified as an A Level or as an NVQ level 4 !!!!

Cute_'n'_Quirky

For the newbies here, wanting to start on the pathway of a career as a mortgage advisor or just started on the journey, please don't be put off by the negative and derogatory comments made by certain individuals on this Forum. They are just trying to put you off. I know from my own experience.

If you want to do it, do it, regardless.

dunstonh

For the newbies here, wanting to start on the pathway of a career as a mortgage advisor or just started on the journey, please don't be be think it is easy street as some of the (recently qualified, inexperienced) mortgage advisers want you to think it is.

Over half of new advisers fail and leave the industry within 2 years. Many in big debt as they held on too long before calling it a day. All I am saying is be realistic, do a business plan that makes sense and dont make assumptions that have no hope of coming to fruition.

Having been round many years, I have seen them come and go. Any experienced adviser will say the same. Most fail, not because of the exams or their technical knowledge but because they cannot convert clients into business or more commonly cannot get enough people in front of them.

Back in my tied agent days, there were 7 of us that left the employer at the same time to go self employed. I set up my own firm, as did one other and the other 5 went in together. I am still around and successful, the other who set up his firm couldnt make a go of it and lost his house (well sold up before he did but is now in some small terrace in an undesirable bit of town) and only 3 of the 5 in the other firm still do it. Two of those three earn over 100k a year the other about 50k. All three of those no longer in the industry were successful as employed tied reps (two of them had over 15 years experience) but couldnt succeed in the self employed side.

So, getting yourself into the right distribution channel is important. You could be a very good bank based adviser and a rubbish independent or vice versa.

If you think that sticking an advert in the local paper is going to get you instant clients, then you are going to fail. You need clients. You need to look at how you are going to get them. You need to look at what your conversion ratio is. You need to look at how long it will be before you start being paid (remember you dont get paid until the mortgage is advanced - that can be a long time).

I'm sorry that certain inexperienced advisers here don't like my comments but if it helps even just one individual avoid going into a venture which was doomed from the start then it is worth it. If it helps anyone looking at a career in financial services take a more detailed look at their business plan and alter it to make a success out of it then its job done.

Many of the half that manage to make a go of it can make a very good living out of it. Indeed, it can set you up for life. So the rewards are great. However, so are the consequences of failure.

You can decide if what I say is caution and common sense or you can just go into this like a headless chicken, like so many do, believing that everyone makes a fortune as its easy money.