Professionals who want to offer mortgage advice need to meet FCA requirements. The Certificate in Mortgage Advice and Practice (CeMAP) is the industry benchmark qualification, providing individuals with the appropriate qualification. CeMAP provides the knowledge and the ability to offer advice, whether independent or tied and is designed to ensure that the adviser obtains the highest quality educational material and assessment opportunities (LIBF, 2011). Mortgages are essential for the majority of house purchases, as long as people need homes they will always need good advice. Qualified advisers can also advise on second charges and retirement interest only mortgages, as well as Consumer Buy-to-Lets and investment Buy-to-lets. This qualification is easily achievable with an unbelievable exam turnaround. At Clarity FT we will support you all the way until you pass your exams. The course content covers the whole scope of mortgages; covering regulation, markets, law, etc. The tutors at Clarity FT have had undisputed success in helping numerous individuals pass their qualifications; we have the knowledge and the experience to help you succeed. Why not look at the course content to find out if this course is for you. Our courses reflect the changes implemented by the FCA and meet the Mortgage Market Review (MMR) compliance.

The CeMAP  qualification comprises of 3 modules which are all assessed by three 2 hour multiple choice exams undertaken at a Pearson Vue test centre, these are located all over the UK.  The LIBF have now rolled out the ability to sit the professional exams via remote proctoring,  this enables students to sit the exams from the comfort and safety of their own home.   To get your CeMAP®  qualification candidates will need to register with the London Institute of Banking and Finance for each module. The registration includes an exam fee (£690.00 for 3 modules) and the awarding of the qualification on successful completion of all 3 exams.

CeMAP®  is split into 3 modules that cover 5 units (Click here for the timeline of changes):

• Module 1: Financial Services, Regulation and Ethics
• FSRE (Units FRE1 and FRE2)
  • FRE1: Industry, Regulation and Key Parties
  • FRE2: Skills, Principles and Ethical Behaviours 
• Skill: Understanding Regulation (Exam: Two hour multiple-choice exam (1 hour each):
  • 25 multiple-choice questions (on each unit)
  • 3 case studies with 5 linked multiple-choice questions on each unit
  • Total marks = 80 marks (70% pass mark on both units)
• Overview: FSRE® is the regulatory foundation module required for any professional qualification. The module helps candidates understand how financial markets and products work.
• It covers:
  • Financial Services – by looking at the financial services industry and regulated financial products
  • Regulation – by looking at how UK financial services are regulated and the role and objectives of the regulators
  • Ethics – by looking at how regulation can encourage ethical behaviour in firms and those who work in the firms, as well as the qualities and personality traits required for those who work in certain roles.

• Module 2 CeMAP® 2 – Mortgages (MORT)
• Mortgages (Units MRT1 and MRT2)  
  • MRT1 (Unit 3): Mortgage Law, Practice and Application (50 questions – 70% pass mark) –  1 hour exam.
  • MRT2 Unit 4): Mortgage Products and Post-Completion (50 questions – 70% pass mark) –  1 hour exam.
• Overview: CeMAP® 2 covers all the relevant technical areas required to deliver regulated mortgage advice. Each stage of the mortgage process is covered within the syllabus highlighting the relevant regulatory rules within the FCA Mortgage Conduct of Business (MCOB) sourcebook.

• Module 3 CeMAP® 2 – The Assessment of Mortgage Advice Knowledge (Exam:  One 2 hour exam with 6 case studies with 10 related questions on each case study. (60 questions – 70% pass mark) – 2 hour exam.
  • Unit 5: Assessment of Mortgage Advice and Knowledge (60 questions)
• Overview: The final module looks at applying the knowledge gained in the previous units and testing the ability to formulate the knowledge.

At Clarity Financial Training Ltd we offer professionally delivered CeMAP®  training courses that help students pass their CeMAP®  exams with confidence. Whether you have existing experience or are new to the industry our workshops are aimed at covering each syllabus to help understand and gain the relevant exam technique to pass the qualification with ease. We have various study options available to assist you to tackle the exam and pass. Click here to see our study options and dates.

CeMAP® is split into 3 parts and all must be completed to achieve the qualification, please click on the following:

• FSRE – Financial Services, Regulation and Ethics
• CeMAP 2 – Mortgages (CeMAP® 2)
• CeMAP 3 – Assessment of Mortgage advice (CeMAP® 3)
• Choose a legitimate CeMAP provider