For the best experience please use the Google Chrome browser, which can be downloaded here

Mortgage Advice (CF6)

Mortgage Advice (CF6) develops your understanding of the various types of mortgage product and repayment options and the giving of mortgage advice.

The default Enrolment option for this unit includes:

  • Latest version of the core learning content, in digital format only.
  • Additional revision aids.
  • Assessment entry.

**Click here for an important notice for international deliveries**

Mortgage Advice (CF6) 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 nominal pass mark is 70%
  • The 2020 pass rate for this unit was 84%

Study material - editions available

2021-22 edition (applicable to exams sat 01 Sep 2021 to 31 Aug 2022)