Education program for the short term and specialist lending sector launches

Registration for CPSP is now available online

Education program for the short term and specialist lending sector launches

The Association of Short Term Lenders (ASTL) and the Financial Intermediary & Broker Association (FIBA) have announced the official launch of the Certified Practitioner in Specialist Property Finance (CPSP), an optional e-learning program that will cover bridging, short term finance, development finance and specialist buy-to-let.

The trade associations have worked together, along with the London Institute of Banking & Finance (LIBF), over the last 20 months in preparing CPSP, which will provide a definitive and targeted education program for the short term and specialist lending sector.

Participants who complete the modules will be recognised through the award of an LIBF digital badge and accredited for CPD purposes.

With the program now launched, the first students have already started working towards achieving a CPSP accreditation, and more have registered for the course. Registration for CPSP is available online through the LIBF website.

“The launch of CPSP is the culmination of a long and exciting journey and an excellent example of trade associations working together for the benefit of the industry and our customers,” Vic Jannels, chief executive at the Association of Short Term Lenders, said. “The close collaboration between the ASTL, the LIBF, and FIBA has been instrumental in making the first qualification in our sector a reality.

“This is a major stepping stone in continuing to enhance standards, increase professionalism, and advance the reputation of the specialist finance sector.”

Adam Tyler, consultant to the Financial Intermediary & Broker Association, remarked that it had been a great pleasure to see so many already signing up to the CPSP and receiving the learning material that was meticulously put together for the benefit of the industry.

“After nearly two years of work from so many of our industry colleagues and the support of Vic at the ASTL and our colleagues at the LIBF, I can confidently say that we have a learning program we can all be proud of,” he said.

John Somerville, head of financial services professional education at the London Institute of Banking & Finance, added that the launch of the program “is a major step forward in supporting the industry with professional standards and complements the need to embed the higher standards required from Consumer Duty.

“The program has been designed with lenders and brokers in mind. Ultimately it will help them improve outcomes for clients in an ever-complex lending world,” Somerville said.

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