You may still have questions relating to the CeMap training courses, some of the more common questions we are asked are listed below.
To view the answer, click on the 'bolded' question. If your questions are still un-answered, then please use our general enquiry form to send them to us.
Why do I have to sit this exam?
The FSA who regulate Mortgages and General Insurance, stipulate that all individuals who are carrying out the role of a Mortgage Advisor, must sit and pass the recognised CeMAP exam.
Who are the FSA?
The FSA is a statutory body set up under the Financial Services and Markets Act 2000. The Act sets out their four statutory objectives which are supported by a set of principles of good regulation which they must have regard to when discharging their functions:
The FSA has set out its aims under three broad headings:
- Promoting efficient orderly and fair markets
- Helping retail consumers achieve a fair deal
- Improving their business capability and effectiveness
Who is the examining body?
All exams will be taken with the IFS school of finance. The IFS registration and exam costs are £135 per paper. You will sit 3 Papers in all. This Fee includes a twelve month registration with the IFS.
Official training manuals will be issued from the IFS which when coupled with our tailored tuition programme will provide you with the necessary tools to tackle each module.
What is CeMAP and how are the exams structured?
CeMAP is the premier qualification for anyone wishing to pursue a career as a Mortgage Advisor and this qualification is recognised by the Financial Services Skills Council (FSSC).
On successful completion of this course you will have attained a nationally recognised qualification and to that end our team of specialist trainers will guide you towards achieving your goal of becoming a qualified Mortgage Advisor.
To attain the Certificate in Mortgage Advice and Practice (CeMAP) qualification, you must achieve examination passes in each of the three CeMAP modules.
- CeMAP Module 1 - UK Financial Regulation
- CeMAP Module 2 - Mortgages
- CeMAP Module 3 - An assessment of mortgage advice knowledge
Grading:
Pass 70%
Merit 80%
Distinction 90%
Students must achieve a minimum of 70% in each unit. If students don't gain 70% in any unit/s within a module they will have to re-sit.
CeMAP 1 ~ UK Financial Regulation
- Introduction to the Financial Services Environment and Products
- UK Financial Services and Regulation
The exam is computer based and consists of 50 multiple choice questions on each unit (100 in total)
2 hours are allowed to complete the exam.
CeMAP 2 ~ Mortgages
- Mortgage Law, Policy, Practice and Markets
- Mortgage Applications
- Mortgage Payments Methods & Products
- Mortgage Arrears and Post Completion Issues
The examination is computer based and consists of 25 multiple choice questions on each unit (100 in total).
2 hours are allowed to complete the exam.
CeMAP 3 ~ An Assessment of Mortgage Advice Knowledge
The aim of the syllabus for this study topic is to enable you to:
Demonstrate the ability to analyse consumer circumstances and suitable mortgage solutions, taking into account any existing arrangements
Demonstrate the ability to apply suitable mortgage solutions to specific consumer circumstances
Demonstrate the ability to identify consumer needs and demands and recommend suitable and affordable mortgage solutions, using your knowledge and understanding of:-
- The advice process
- The UK finance industry, and the regulatory and ethical framework for giving mortgage advice
- The different types of mortgage solution and the criteria for determining their suitability and affordability
The exam is computer based and consists of 6 case studies with 10 multiple choice questions for each case study.
2 hours are allowed to complete the exam.
What is the cost?
| CeMAP 1 tuition | £485 |
| CeMAP 2/3 tuition | £485 |
| Registration with IFS | £135 per paper |