Mortgage Advice (CF6) develops your understanding of the various types of mortgage product and repayment options and the giving of mortgage advice.
This unit is a practitioner’s guide to the law, policy and practice of mortgage lending in the UK.
We introduce mortgage regulation, the legal and economic environment and the participants in the market. We then explain the scope and application of the rules affecting mortgage lending and the rules specific to products and certain features of the lending process.
We explain the lending process, the methods of repayment and products. We will discuss the factors that affect the value of a property and the alternative methods that can be used to assess the security.
We describe the products in generic terms while providing specific examples available in the marketplace.
We then consider the final stage of the journey when the mortgage applicant becomes a customer, including post-completion matters, the events that can occur during the life of the mortgage, the obligations of the lender and also a dedicated chapter deals with arrears and debt management.
Building a successful career in personal finance
Mortgage Advice (CF6) is suitable for anyone seeking to give mortgage advice, anyone working in a non-advisory role in the mortgage market such as technical consultants or those in support roles looking to progress.
Learning outcomes
At the end of this unit, candidates should be able to demonstrate a knowledge and understanding of the:
- house-buying process, from making an offer to completion and the key parties involved;
- different types of borrowers and how to meet their individual mortgage needs;
- different types of mortgage product and repayment options and their suitability for the client;
- legislative and regulatory position of mortgages and the requirements of a mortgage adviser.
Assessment
- 3 hour exam
- 100 multiple choice questions (MCQs), 5 case studies, each comprising 5 MCQs
- The standard pass mark is 70% (for more information on standard pass marks please see here)
- The 2024 pass rate for this unit was 75.9%
Units treated as equivalent
Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.
If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.
Find out more about credit awards for equivalent units
Revision aids available ** Please check individual shop pages for availability dates **
The revision aids available for this unit are listed below. Find out more details.
- Key Facts Booklet
- Knowledge Checker
- E-learn
Note for purchasing revision aids: please make sure you do not already have the revision aid(s) as part of any Enrolment plus purchase.
