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The Certificate in Mortgage Advice and Practice (CeMAP®) 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 with 80% of mortgage advisers holding the qualification.
Employers from across the sector have been involved in the development of CeMAP® which ensures that the content provides students with the knowledge they require in order to meet future career and regulatory requirements.
CeMAP® is a UK specific qualification and comprises seven mandatory units that are studied and assessed in three modules:
Unit 1 - Introduction to Financial Services Environment and Products
Unit 2 - UK Financial Services and Regulation
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
Unit 7 - Assessment of Mortgage Advice and Knowledge
CeMAP® key facts and benefits:
Upon successful completion of CeMAP® you can use the designation 'CeMAP' after your name.
Registration fee Includes learning materials and initial examination entry.
£167 - per module*
Examination resit fee
£129 - per module*
£23 - per paper
Online Competence Development Tool (CDT)
£28 - per module* of units i.e.CeMAP® 1 or CeMAP® 2
£43 - when purchasing two modules* together i.e. CeMAP® 1 and CeMAP®2
Ask the Expert Online support services
£22 - 3 month subscription
* The fee includes all costs contained within the modules.
CeMAP® consists of seven mandatory units:
ITFS and UKFS explore the environment within which the financial services industry operates with an introduction to the main financial services products. Module 1 units also focuses on the legal concepts relevant to financial advice and the interplay between regulation and legislation.
View the CeMAP® 1 aims, learning outcomes and assessment criteria.
MLPP, MAPP, MPMP, and MAPC group of units focuses on the procedures and legislation relating to purchasing a property. The units detail the processes involved in a mortgage application along with ancillary insurances. The units also develop the students' 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 CeMAP® 2 aims, learning outcomes and assessment criteria.
ASSM concentrates on bringing the knowledge and understanding gained in the previous six units together and focuses on case study scenarios. Students will need to analyse clients' circumstances in order to identify suitable and affordable solutions.
View the CeMAP® 3 aims, learning outcomes and assessment criteria.
CeMAP® students who plan to expand their role in future and also 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 of the Institute'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.
Unit 1 - Introduction to Financial Services Environment and Products (ITFS)
Unit 2 - UK Financial Services and Regulation (UKFS)
ITFS and UKFS each comprise a one hour objectively tested examinations with 50 multiple choice questions.
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)
MLPP, MAPP, MPMP and MAPC each comprise a 30 minute objective test with 25 multiple choice questions.
Unit 7 - Assessment of Mortgage Advice and Knowledge (ASSM)
ASSM comprises a 2 hour objective test with 6 case studies each with 10 multiple choice questions.
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.
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:
You can register for CeMAP® at any time.
Online - complete the online registration and payment form.
By phone - call Student and Customer Enquiries 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. To view this file you need to have Acrobat Reader installed on your computer. This is free and available from the Adobe website. When you have completed the form either send it to the address stated on the form or by email.
Membership of the Institute of Financial Services provides access to cost-effective and appropriate services that meet the very specific needs of the financial and mortgage adviser community and costs just £72 per annum.
Upon successful completion of CeMAP® you can progress to the ifs 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, the ifs Level 3 Certificate in Financial Administration and Planning (CeFAP®) and the ifs Level 4 Diploma for Financial Advisers (DipFA®) is the most effective pathway into the industry.
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