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Level 3 Certificate in Mortgage Advice and Practice (CeMAP®)

  • Overview
  • Cost
  • Units
  • Studying
  • Assessment
  • Registration
  • Progression

Overview

The Certificate in Mortgage Advice and Practice (CeMAP®) 501/0629/6 is a QCF* Level 3 qualification. It meets the educational standard required by the Financial Conduct Authority (FCA) of anyone wishing to achieve a 'licence to practice' and work as a mortgage adviser.

As the premier mortgage qualification, CeMAP® is firmly established as the qualification of choice in the financial services industry, and widely regarded as the industry benchmark qualification.

Employers from across the sector are involved in the development of CeMAP®, which ensures the content provides students with the knowledge required to meet future career and regulatory requirements.

CeMAP® consists of three modules that enable you to develop extensive knowledge and understanding of:

  • the mortgage market with a focus on the range of protection and mortgage products
  • UK financial regulation, mortgages policy and practice and how to apply this as effective mortgage advice to the consumer
  • the current technical language, tools, methods and practices of mortgage advice to enable effective financial decision-making
  • the mortgage market and its need to respond to the constantly changing economic, legal and regulatory environment

CeMAP® Key Facts:

  • Comprehensive distance-learning support
  • Online testing - results provided on the day
  • Opportunity to become a member of the Institute of Financial Services
  • On-demand exams available
  • Nationwide examination centres
  • Successful completion of CeMAP® allows you to use the 'CeMAP®' designation after your name.

    Important Qualification Related Information

    Cost

    Registration fee
    Includes learning materials and initial examination entry
    £167.00 per module*
    Examination resit fee £129.00 per module
    Specimen paper £23.00 each
    Online Competence Development Tool (CDT) £204.00
    Revision notes £28.00 per module of units i.e.CeMAP® 1 or CeMAP® 2
    £43.00 when purchasing two modules together i.e. CeMAP® 1 and CeMAP® 2
    Ask the Expert
    Online support services
    £22.00 for 3 months

    * The fee includes all costs contained within the modules.

    Units

    CeMAP® consists of seven mandatory units contained within three modules:

    Module Units Details Syllabus
    Module 1 (UKFR) Unit 1 - Introduction to Financial Services Environment and Products (ITFS) L / 501 / 8715

    Unit 2 - UK Financial Services and Regulation (UKFS) R / 501 / 8716
    ITFS and UKFS explore the environment within which the financial services industry operates and provide an introduction to the main financial services products.

    Module 1 units also focus on the legal concepts relevant to financial advice and the interplay between regulation and legislation.
    View the UKFR aims, learning outcomes and assessment criteria
    Module 2 (MORT) Unit 3 - Mortgage Law, Policy, Practice and Markets R / 501 / 8717

    Unit 4 - Mortgage Applications Unit 5 - Mortgage Payment Methods and Products D / 501/ 8718

    Unit 5 - Mortgage Payment Methods and Products H / 501 / 8719

    Unit 6 - Mortgage Arrears and Post Completion Issues Y/ 501 / 8720
    The MLPP, MAPP, MPMP, and MAPC group of units focus on the procedures and legislation relating to purchasing a property and the processes involved in a mortgage application along with ancillary insurances.

    Students will develop an understanding of the different types of mortgage products and their suitability for different types of customer.

    The units also explore the issues faced by borrowers after a mortgage has been completed; whether they require further funds or are having difficulty in meeting the existing mortgage commitment.
    View the MORT aims, learning outcomes and assessment criteria
    Module 3 (ASSM) Unit 7 - Assessment of Mortgage Advice and Knowledge ASSM concentrates on bringing together the knowledge and understanding gained in the previous six units and focuses on case study scenarios. Students will need to analyse clients' circumstances in order to identify suitable and affordable solutions. View the ASSM aims, learning outcomes and assessment criteria.

    CeMAP® students who plan to expand their role in future and advise on retail investment products, or study the practice of mortgage advice at a higher level, may wish to consider studying the Financial Services, Regulation and Ethics Unit (FSRE) of ifs University College's QCF Level 4 Diploma for Financial Advisers (DipFA®) and Diploma in Mortgage Advice and Practice (DipMAP®) as an alternative to CeMAP® Module 1. Find out more.

    Studying

    It is recommended that you spend 200 learning hours of study time on CeMAP®.

    The following additional study support materials, designed to complement the learning manual, are available to purchase:

    • Specimen examination papers
    • Revision notes
    • Ask the Expert (web support) access to a dedicated forum for three months. The forum gives students access to post questions to qualified trainers and subject experts about the content of the study materials or syllabus. A series of frequently asked questions will also be available, together with guidance on how to make best use of the service.
    • Competence Development Tool (CDT) online access for 12 months. The CDT is a comprehensive, online learning and examination practice tool for current and past CeMAP® students to test current industry knowledge and identify potential areas of weakness. The CDT is provided exclusively by ifs University College and contains a bank of specimen questions to help students pass the examination or maintain professional standards.

    Please note that in order to reflect any changes to syllabuses, including matters arising from the annual budget, the study materials for some units are updated annually. It is your responsibility to ensure you are studying from the most up-to-date materials. The most up-to-date learning materials, updates and amendments can be found on my ifslearning, and we suggest that you log in regularly to check for updates.

    Assessment

    All of the units that comprise the CeMAP® qualification can be examined at over 150 Pearson VUE test centres nationwide with the result provided on the day.

    View information on examination booking and venues.

    Module 1 (UKFR)

    Unit 1 - Introduction to Financial Services Environment and Products (ITFS)

    Unit 2 - UK Financial Services and Regulation (UKFS)

    Module 1 is assessed as one two hour exam. ITFS and UKFS each comprise a one hour objective test with 50 multiple-choice questions each.

    Module 2 (MORT)

    Unit 3 - Mortgage Law, Policy, Practice and Markets (MLPP)

    Unit 4 - Mortgage Applications (MAPP)

    Unit 5 - Mortgage Payment Methods and Products (MPMP)

    Unit 6 - Mortgage Arrears and Post Completion Issues (MAPC)

    Module 2 is assessed as one two hour exam. MLPP, MAPP, MPMP and MAPC each comprise a 30 minute objective test with 25 multiple-choice questions.


    Module 3
    (ASSM)

    Unit 7 - Assessment of Mortgage Advice and Knowledge

    ASSM comprises a 2 hour objective test with 6 case studies each with 10 multiple-choice questions.

    The pass mark for both the coursework and examination is 50% and both must be passed to achieve the CeMAP. In the instance of a fail, you will have the opportunity to pay the relevant fees and retake the component.

    Registration

    You can register for CeMAP® at any time.

    Online - complete the online registration and payment form.

    By phone - call Student and Customer Services on +44 (0) 1227 818609. Please have your VISA / MasterCard / debit card to hand when you call.

    By post / email - download and complete the registration form. You will need to have Adobe Acrobat Reader installed on your computer to view this file – you can download this program for free from the Adobe website. When you have completed the form either send it to the address stated on the form or by email.

    Membership

    Membership of the Institute of Financial Services includes access to benefits that help you to maintain your skills and knowledge, as well as supporting your career ambitions. It costs £72 per annum and can be paid monthly by Direct Debit at no extra cost.

    Apply for membership.

    Progression

    Upon successful completion of CeMAP® you can progress to ifs University College's Level 4 Diploma in Mortgage Advice and Practice (DipMAP®). DipMAP® is a new qualification for mortgage advisers who wish to demonstrate their commitment to continual learning and enhance their skills and knowledge.

    For those wishing to pursue a career in retail financial advice, ifs University College's Level 3 Certificate in Financial Administration and Planning (CeFAP)® and Level 4 Diploma for Financial Advisers (DipFA®) are the most effective pathway into the industry.