Speaking at the Association of Short Term Lenders’ annual conference in London today Blackwell said: “The current mortgage qualifications need to be looked in terms of relevance for the market today.”
Robb Jupp, CEO of Brightstar and chairman of the AoBP, is currently in the process of setting up an industrywide qualification with the ifs, the Institute of Financial Services.
Blackwell praised Jupp for spearheading the move without pressure from outside the industry.
Jupp said: “We are currently in the process of looking at implementing an industrywide qualification for the bridging industry and this has now gone beyond the proposal stage.
“The FCA supporting such a move is good news for the industry. The syllabus currently set by the FCA is woefully inadequate.”
The initiative is being funded by the AoBP and an additional 17 members of both the AoBP and the ASTL.