Certificate in Mortgage Advice and Practice (CeMAP)

The Certificate in Mortgage Advice and Practice (CeMAP) is a UK-specific qualification for mortgage advisors, awarded by The London Institute of Banking & Finance. It’s widely recognised within the industry and often considered a benchmark of competence. Many employers in the UK require mortgage advisors to have this qualification or be working towards it.

The CeMAP qualification is designed to provide a thorough understanding of the principles of mortgage advice, as well as a practical application of this knowledge. It covers a wide range of topics, including the mortgage process, the various types of mortgage products and repayment options, and the legal and regulatory frameworks that govern the industry.

CeMAP Qualification :

The CeMAP qualification is divided into seven units across three modules. Each module has its own syllabus and is assessed by an examination. Here is a detailed breakdown of the syllabus and assessments:

CeMAP Module 1: UK Financial Services, Regulation and Ethics (UKFS)

This module covers the structure of the UK financial services industry and the principles of regulation and ethics. It consists of two units:

Unit 1: Introduction to Financial Services Environment and Products
Unit 2: UK Financial Services and Regulation

Assessment: The module is assessed by a two-hour objective test examination consisting of 100 multiple-choice questions.

CeMAP Module 2: Mortgages (MORT)

This module focuses on the mortgage process, from the initial client assessment through to the granting of a mortgage. It consists of four units:

Unit 3: Mortgage Law, Policy, Practice and Markets
Unit 4: Mortgage Applications
Unit 5: Mortgage Payment Methods and Products
Unit 6: Mortgage Arrears and Post Completion Issues

Assessment: The module is assessed by a two-hour objective test examination consisting of 100 multiple-choice questions.

CeMAP Module 3: Assessment of Mortgage Advice and Knowledge (ASSM)

This final module assesses the learner’s ability to apply their knowledge to real-world situations. It consists of one unit:

Unit 7: Assessment of Mortgage Advice Knowledge

Assessment: The module is assessed by a two-hour objective test examination consisting of 60 multiple-choice questions based on six case studies.

All examinations are conducted in a controlled test environment. Each test uses a range of question types including multiple-choice, multiple-response, drag and drop, and drop-down list questions. Upon successful completion of all three modules, the full CeMAP qualification is awarded.

It’s important to note that the course material may be updated from time to time to reflect changes in law, regulation, or industry practice.

Pass marks:

The pass mark for each of the CeMAP modules is 70%. This means that students need to correctly answer at least 70% of the questions in their examination to pass.

Here’s the pass mark requirement for each module:

• CeMAP Module 1: 70 out of 100 questions
• CeMAP Module 2: 70 out of 100 questions
• CeMAP Module 3: 42 out of 60 questions

It’s worth noting that these pass marks are subject to change, so it’s always a good idea to check with the London Institute of Banking & Finance or your course provider for the most up-to-date information.