Property Factoring Professional Diploma

Your first step

The Professional Diploma in Property Factoring is pitched at Higher National Diploma level, which in study terms is required to be, as a minimum, the equivalent of one full-time year of higher education. As a result, your performance will be assessed according to that expectation.

The qualification is on the Scottish Credit and Qualification Framework (SCQF). 

Successful candidates are entitled to the Member level of membership with the Institute and can use the post-nominal letters of MTPI (previously known as MIRPM) in their professional title.

You are required to be at least an Affiliate (entry) level member of IRPM.

The fee includes the online self-study course and one attempt at the two-and-a-half hour written examination, available twice a year.

Should you require special facilities or support you must make The Property Institute aware of your needs when you register for a qualification. The Property Institute are committed to providing access to all and will endeavour to meet all requests for support and/or provide special facilities to enable open and comprehensive access to the examination provided that sufficient notification is given. Please note that applicants will need to provide formal evidence of independent assessment of their needs where appropriate.

The foundations

1. Introduction to property factoring
2. Property factoring – historical, legislative and cultural context
3. Legal matters in factoring practice
4. Managing factored property
5. Building technology
6. Health and safety
7. Finance and its management

The qualification

This is an online self-study qualification and the course duration is fully flexible to fit the needs of individual learners. You can join the course at any time and progress at your own pace. Once enrolled, you will have access to all modules for 12 months. 

You can join the course at any time. The learning material consists of seven modules broken into a series of learning blocks and reflective activities to reinforce learning. 

On successful completion of this qualification, your membership will be upgraded to the Member level, and can use the MTPI (previously known as MIRPM) designation.

The exam

The qualification is completed with a final exam, lasting two and a half hours. The exam is online and it is ‘remotely proctored’, so there is no need to travel to a venue to sit the exam. Instead, you will be supervised by an invigilator online. All candidates will be provided with specific instructions and have the opportunity to test the exam system prior to the exam.

The final exam takes place twice a year and every learner will be able to book an exam within 18 months of joining the course. If you DO NOT sit the exam within 18 months of purchasing the course, you will be required to pay an additional £120 to sit the exam. 

The exam takes two and half hours and it consists of two sections – Part A and Part B:

Part A contains a case study with questions based on it. A maximum of 50 marks are awarded for this part of the paper.

Part B contains five questions and each question carries 10 marks and maximum of 50 marks are awarded for this part of the paper.

All questions are compulsory.

The pass mark is 60%.

The exam bookings - You are required to book your place at the exam via the website. The bookings close 10 days prior to the exam date. 

The exam bookings deferrals/cancellations – You can defer your exam sitting no later than 10 days prior to the exam date. Any bookings’ deferrals or cancellations after this deadline are only acceptable on medical grounds with evidence required.

Exam resits – Unsuccessful candidates can retake the exam at the next available and convenient sitting. The resit exam fee is £120.