LIBF Level 3 Certificate in Mortgage Advice and Practice

Official qualification regulated by Ofqual, awarded by LIBF. Classified as a Occupational Qualification. Total guided learning hours: 6 hours.

Qualification Level

Level 3

Awarding Body

LIBF

Syllabus Units

5 Units

Guided Hours

6 hrs

Instant access to interactive lessons, quizzes, and spaced revision.

Course Syllabus & Study Modules

Complete breakdown of verified curriculum topics and learning objectives.

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Key Learning Objectives:

Analyse the key features of different mortgage solutions and their suitability for different customers’ circumstances.
Analyse the key features of different forms of property purchase and specialist mortgage lending and their suitability for different customers’ circumstances.
Apply the rules and regulations governing mortgage lending, mortgage advice and the sale of associated mortgage protection arrangements.
Apply the principles of ethical and sustainable advice to suit customers’ circumstances.
Analyse the need for and main features and functions of mortgage protection.

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Key Learning Objectives:

Understand the regulatory definition of different types of mortgage and regulated mortgage contracts.
Understand the process and implications of buying property at auction.
Understand the common types of borrower and how their main mortgage-related requirements may differ and what factors may disqualify people from borrowing.
Understand the main requirements of the MCOB rules and some legislation affecting mortgages.
Understand the economic and regulatory context for giving mortgage advice.
Understand the role of a mortgage adviser and the principles of providing advice to deliver a fair outcome for the customer.
Understand the use of additional forms of security.
Understand the fees and charges involved in arranging a mortgage.
Understand types of property defects that surveys can identify and their implications when seeking a mortgage, including the options available to consumers and lenders.
Understand the principal factors affecting the value of property.
Understand the different forms of valuation and survey and which might be appropriate for different properties and/or the borrower's circumstances.

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Key Learning Objectives:

Understand the principles, procedures and considerations associated with raising additional money.
Understand the principles, procedures and costs of transferring and amending mortgages.
Understand the implications of consolidating debt appropriately within a mortgage.
Understand the implications of the non-payment of mortgages and other breaches of the mortgage deed.
Understand the legal rights and remedies available to lenders in respect of non-payment from borrowers.
Understand the structure and features of different types of mortgages.

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Key Learning Objectives:

Understand the UK financial services industry in its European and international context.
Identify how the retail consumer is served by the financial services industry.
Apply the legal concepts and considerations relevant to financial advice.
Understand the development of financial services regulation.
Evaluate the FCA’s and PRA’s responsibilities and approach to regulation.

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Key Learning Objectives:

Identify the skills required when advising clients.
Apply regulatory principles, requirements and regulations to client relationships to ensure fair and ethical outcomes.
Apply ethical principles to professional behaviour and judgements at work.