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Mortgage advisory qualifications still in demand
19 June 2008 16:29
The number of individuals studying to become mortgage advisors has remained buoyant, despite the current economic climate.
The ifs School of Finance, who provide the industry benchmark qualification for mortgage advisors, confirmed today that their registration figures for 2008 had only reduced slightly - despite the number of mortgage products falling from 15,000 last year to just 3,000 this year.
Mark Roberts, head of financial regulation at ifs School of Finance, believes that as the mortgage industry is enduring tough times, consumers need the help and advice of qualified advisors more than ever.
Mr Roberts insisted that consumers struggling to find appropriate mortgage products will turn to competent qualified individuals, citing a ten per cent increase in first time buyers who sought professional advice this year.
These figures arrive as HBOS, the UK's biggest mortgage lender, has forecast that UK house prices are set to fall by as much as nine per cent this year – a greater decline than previously predicted.
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