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1. Mortgage advisor examination:
For those looking for a career change or looking to work exclusively in the mortgage market. On completion of the course the candidate will sit the Chartered Insurance Institute’s (CII) CF1 and CF6 papers. This examination will allow candidates to join any commercial banking institution in the UK, join an Independent Financial Advisor or become a self employed mortgage broker.
Saturday half day for nine weeks.
Place: Croydon and Thornton Heath.
Contact us for further information on 0208 239 8812.
Payment methods
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2. Financial advisor examination :
for those looking to pursue a career as a financial advisor in the banking or private sector. The qualification allows the candidates to provide advise to the general public in following areas : savings, investment, pensions and life insurance. The qualification consists of Chartered Insurance Institute’s (CII) CF1, CF2, CF3, CF4 and CF5 papers.
This examination will allow candidates to join any commercial banking institution in the UK, join an Independent Financial Advisor or become a self employed mortgage broker.
Saturday half day for nine weeks.
Place: Croydon and Thornton Heath.
Contact us for further information on 0208 239 8812.
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3. Personal Finance course
Specifically designed for the public. This comprehensive course on personal finance is aimed at those looking to enhance their knowledge and understand about all aspects of money management. From obtaining a credit file and solutions to debt problems to the house buying process.
We will cover basic principals of financial planning and how to interpret financial jargon. With the effective introduction of fee based financial advice in the near future, this is an invaluable course for those looking to save money and manage their finances now and the future.
Week 1 : Introduction to personal finance.
Budgeting - setting a personal budget and managing credit.
Understanding credit scoring - how to improve your credit score.
What a lender/ credit provider looks for in a credit score.
Obtaining credit file
Interpreting credit file.
Week 1 : Credit problems.
What is a default, arrangement to pay, CCJ, IVA and bankruptcy.
Can defaults and CCJs be removed?
Credit cancellation services - genuine or a scam?
House repossessed, what is the future?
Week 2 : Mortgage and house buying 1.
Introduction to the house buying process.
Basics of mortgages - maximum levels of lending.
Cost of buying a property.
Freehold, leasehold and common hold.
Role of the mortgage advisor, estate agent and solicitor.
Rights of the lender.
Rights of the mortgagee.
Joint tenancy and tenancy in common.
Shared ownership and Right to buy.
Week 3 : Mortgage and house buying 2.
Selecting a lender and rate.
Fixed, discounted, trackers, capped, stepped rates.
Rate control period.
Redemption penalty.
Methods of paying - repayment, interest only, endowment mortgage.
Endowment policies - Unit linked / with profit - how do they work?
Buy to let and investment property.
Let to buy.
Week 4. Saving.
Difference between short term and long term saving.
Best form of tax efficient savings.
ISAs - maxi, mini and tax.
National savings and income bonds.
Saving through mutual societies.
Investing in stocks and shares (equities) how to assess risk against reward.
What is pound cost averaging?
Investing for capital growth or income.
Unit linked and with profit policies.
Unit trusts and OIECS.
Guaranteed income bonds.
Children’s saving plans - are they worth the money?
Choosing a product.
Choosing a fund.
Week 5. Pensions - saving for retirement.
Why save for retirement?
Tax benefits of a pension schemes.
State pension.
Final salary and personal pensions.
Stakeholder pensions.
Current government rules in investing in pensions.
Future of pensions in the UK.
Annuities - taking your pension in retirement.
Different types of annuities.
Rules for taking the pension.
Can the pension be passed on to a dependent.
Taking tax free cash and the open market option.
How to find the best annuity rate.
Week 6. Insurance - protecting family and self.
Types of insurance - life, income protection, critical illness cover and long term illness.
Decreasing and level term cover.
Family income benefit.
ASU vs permanent health insurance.
What is waiver of premium and deferred period.
Week 7. Taxation
Income tax.
Capital gains tax.
Inheritance tax.
Stamp duty.
Saturday course - 7 weeks
Time : 18.45 - 21.00pm
Place: Croydon and Thornton Heath
Contact us for further information on 0208 239 8812
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