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The Diploma in Mortgage Advice and Practice (DipMAP®) is a QCF* Level 4 qualification for individuals who wish to gain a higher level of skills and knowledge for mortgage advice and demonstrate their commitment to continual learning.
DipMAP® enables mortgage professionals who wish to set themselves apart from their peers and to go beyond the basic Level 3 qualification requirement. It demonstrates to clients and employers that holders have an enriched understanding of the broader financial services environment and the residential lending sector in the interests of providing high quality, ethical advice to consumers.
Applicants are required to hold the QCF Level 3 Certificate in Mortgage Advice and Practice (CeMAP®), or an equivalent qualification.
Studying DipMAP® will give you a thorough understanding of:
Registration fee Including learning materials and initial examination entry.
Examination resit fee
£127 - per assessment
Click here to view price updates as from 1st July 2015
DipMAP® consists of two mandatory units:
Unit 1: Financial Services, Regulation and Ethics (FSRE) Y/601/2801
The FSRE unit explores the environment within which the financial services industry operates and the key components and interrelationships of the financial system. The unit focuses on the principles underpinning the regulatory framework and the implications for the financial advice process, and develops the learners’ understanding of the importance of the concept of risk with specific focus on how risks relate to institutions and individuals.
The unit also focuses on the legal concepts relevant to financial advice and the interplay between regulation and legislation. The unit examines the FCA’s approach to ethical and unethical behaviours and develops students’ understanding of the Code of Ethics. Finally, the unit introduces the concept of the skills required to advise clients.
View the FSRE aims, learning outcomes and assessment criteria..
Unit 2: Advanced Mortgage Advice (AMA) J/502/6358
The AMA unit considers the commercial and regulatory environment, products, services and legislation that inform the mortgage advice process. AMA develops an understanding of the importance of consumer oriented advice, sound communication and appropriate ethical behaviours through the practical application of accumulated knowledge and skills.
View the AMA aims, learning outcomes and assessment criteria.
FSRE is assessed by a 2-hour objective test comprising 100 multiple-choice questions.
The FSRE objective test is available at over 150 Pearson VUE test centres nationwide with the result provided on the day.
AMA is assessed by a 3-hour written examination with three elements: a recommendation in response to a pre-released customer 'fact-find' a report requiring explanation of a mortgage concept or technical issue, and a short question and answer section.
View AMA examination venues.
It is recommended that you spend 370 learning hours of study time on DipMAP®. The complete course is achievable in 9 months.
DipMAP® Study Timetable 2014 DipMAP® Study Timetable 2015
You will be provided with comprehensive core learning resources in addition to support through a variety of resources, including:
Please note that in order to reflect any changes to syllabuses, including matters arising from the annual Budget, the study materials for some units are updated annually, usually in July. It is your responsibility to ensure you are studying from the most up-to-date materials. The most up-to-date learning materials, updates and amendments can be found on my ifslearning.
Please be aware when selecting your preferred study session using the timetables above that fees are payable if you wish to change your DipMAP® Unit two: Advanced Mortgage Advice (AMA) examination date after registration.
By phone - call Student and Customer Enquiries on +44 (0) 1227 818609. Please have your VISA/MasterCard/debit card to hand when you call.
By post/email - download and complete the registration form. To view this file you need to have Acrobat Reader installed on your computer. This is free and available from the Adobe website. When you have completed the form either send it to the address stated on the form or by email.
Membership of the Institute of Financial Services provides access to cost-effective and appropriate services that meet the very specific needs of the financial and mortgage adviser community and costs just £72 per annum.
The FSRE unit of DipMAP® is shared with the QCF Level 4 Diploma for Financial Advisers (DipFA®) which allows for transfer of credit for this unit should you already hold DipFA®.
Alternatively, successful completion of DipMAP® will allow you to claim credit for the FSRE unit in DipFA® should you be interested in further developing your competence in financial advice.
If you wish to take up further study with the Institute a DipMAP® holder can proceed, with credit, to the Professional Certificate in Banking (PCertB®). Additionally you may consider other ifs Level 4 qualifications such as the ifs Level 4 Diploma in Retail Banking Conduct of Business (DipRBCB®).
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