The Society of Mortgage Professionals (SMP) has revealed that 500 mortgage advisers have already completed the Level 4 Certificate in Advanced Mortgage Advice since its launch two years ago.

A survey of existing Level 3 certificate holders also revealed that more than 70% were planning to progress to Level 4, with 150 enrolling for the qualification during the last two months alone.

The QCF Level 4 Certificate was introduced by the CII in August 2014 to enable advisers to diversify their skills into areas such as bridging finance, auctions, financing foreign properties and other specialist types of mortgage lending.

The Society claims it puts mortgage and protection professionals on par with their investment counterparts.

“The fact that 500 advisers have already gained the extra qualification is testament to the growing desire within the mortgage market for a higher level of professional qualification,” said Society of Mortgage Professionals head of professional development, Lee Travis (pictured).

“It is an ideal next-step for those who currently hold the CII Certificate in Mortgage Advice and only requires completion of one further unit – the R07 advanced mortgage advice – if R01 and CF6 are held.”