Advanced Level Apprenticeship in Providing Mortgage Advice
On this page you will find out more information on Advanced
Level Apprenticeship in Providing Mortgage Advice.
What is an Apprenticeship?
Apprenticeships are funded programmes of study that help
employers derive maximum value from training budgets. They are
available in many sectors, including insurance and financial
services. They play a key part in addressing the skills gaps and
shortages that exist in the wider financial services sector and
beyond. Apprenticeships comprise the following elements:
- Knowledge qualification - this is the part that contains a CII
unit/qualification
- Competence qualification
- Key Skills/Functional Skills
- Employee Rights and Responsibilities (ERR)
Apprenticeships allow staff to develop their technical knowledge,
acquire new skills and benchmark competence. Depending on the age
of the Apprentice, the employer contributes towards this work-based
training on a sliding scale.
There are three frameworks that relate to financial services and
which feature CII qualifications - the Level 3 Advanced
Apprenticeship in Providing Financial Services; the Level 3
Advanced Apprenticeship in Providing Mortgage Advice; and the Level
4 Higher Apprenticeship in Providing Financial Advice.
What
part does the CII play in Apprenticeship in Providing Mortgage
Advice?
Staff taking the Advanced Apprenticeship in Providing Mortgage
Advice take the CII's Certificate in Mortgage Advice
qualification.
Those completing the Certificate in Mortgage Advice as the
knowledge qualification can apply to use the designation 'Cert CII
(MP)' (CII membership and Continuing Professional Development
requirements apply).
Who delivers
Apprenticeships?
FE colleges and private training providers deliver
Apprenticeship for employers in the workplace. This allows the
employer to focus on other activity. Larger employers may also
deliver the Apprenticeship using existing in-house expertise.
Who funds
Apprenticeships?
The National Apprenticeship Service (NAS) funds Apprenticeship
provision across all sectors in England, and allocates funding to
colleges and training providers.
For 16-18 year olds taking an Apprenticeship, neither the
learner nor the employer has to pay for the training. For 19+ year
olds taking an Apprenticeship, the employer will typically pay 50%
of the cost of the programme.
Who develops
Apprenticeships?
The Financial Skills Partnership (FSP) develops Apprenticeship
frameworks in the financial services sector. They do this in
consultation with professional bodies such as the CII and sector
employers.
Why take an Apprenticeship?
An Advanced Apprenticeship in Providing Mortgage Advice offers
many benefits:
- Apprenticeship training is free for those below 19 years old at
the start of the programme, freeing up budget for other
activity
- Apprenticeships typically take 12-18 months to complete so are
useful recruitment and retention tools
- Those completing the Certificate in Mortgage Advice as the
knowledge qualification can apply to use the designation 'Cert CII
(MP)' (CII membership and Continuing Professional Development
requirements apply)
- Apprentices receive high levels of support from the delivery
team
- The content of the Apprenticeships meet the regulator's
training and competence requirements
- Anyone over the age of 16 who does not hold a degree is
eligible to study for one•Allows for specialisation, rather than a
'one size fits all' programme
- All exams are available online and on-demand, with results
provided instantaneously
- A 'Record of Achievement' is awarded for each CII unit passed
and a Certificate is awarded upon qualification completion,
providing portable and permanent evidence of learning undertaken.
Learners also receive an Apprenticeship award upon completion.
Progression routes
Staff who have completed this Advanced Apprenticeship will hold
a Certificate-level qualification and can progress to the next
appropriate qualification, for example the Diploma in Regulated
Financial Planning.
Who should take
an Advanced Apprenticeship in Providing Mortgage Advice?
- Anyone wishing to gain a solid understanding of the mortgage
market and mortgage advice in particular
- Anyone requiring an understanding of regulatory issues and the
process of giving advice to clients
- Anyone who is looking for an entry-level qualification towards
giving financial advice to clients
- Staff employed in support functions such as training,
compliance, human resources, marketing, IT and finance who wish to
improve their understanding of the business in which they work
- Anyone wishing to gain a professional qualification, acquire
knowledge and benchmark competence.
Apprenticeships in Northern Ireland,
Scotland and Wales
If you are based in Northern Ireland, Scotland or Wales and wish
to find out more about Apprenticeships, please contact CII via the
details below.
Next steps
If you are interested in being an Apprentice and would like to
apply for an Apprenticeship programme, please visit the
Apprenticeship Vacancy Matching Service website to check for local
opportunities.
If you are an employer and would like to offer Apprenticeships
as part of your workforce development, please email
discover@cii.co.uk for more information.