What is CeMAP?
18 February 2019
You may have heard of CeMAP. You may even already know that it stands for ‘Certificate in Mortgage Advice and Practice’, but you may still be wondering: what is CeMAP? Well, we’re here to answer all your questions and, to get you started, we’ve put together this guide introducing you to this sought-after qualification.
So, what is CeMAP?
CeMAP, as already mentioned, stands for Certificate in Mortgage Advice and Practice. It’s a qualification designed especially for people who want to become certified mortgage advisers and teaches all the skills and knowledge needed to do this.
Who needs a CeMAP?
In order to offer professional mortgage advice, you must hold a qualification that is recognised by the Financial Conduct Authority (FCA). The CeMAP course ticks this box!
Employers and clients recognise the qualification as a real benchmark and respect that it represents knowledge and understanding. Once you hold a CeMAP certificate, you are able to take on your first clients and start working as a mortgage adviser.
What is CeMAP? …a closer look
The qualification is split into seven units which are studied in three modules. It’s called the Certificate in Mortgage Advice and Practice, and, alongside knowledge and skills, part of the course is how to actually practice mortgage advice i.e. handling your clients.
You’ll sit exams for each module for which, you’ll be pleased to know, we integrate full exam preparation into the course content.
Module 1
UNIT 1: Introduction to the Financial Services Environment & Products
60 minute objective exam, 50 multiple-choice questions
UNIT 2: UK Financial Services and Regulation 60 minute objective exam
50 multiple-choice questions
Module 2
UNIT 3: Mortgage Law, Policy, Practice & Markets
30 minute objective exam, 25 multiple-choice questions
UNIT 4: Mortgage Applications
30 minute objective exam, 25 multiple-choice questions
UNIT 5: Mortgage Payment Methods & Products
30 minute objective exam, 25 multiple-choice questions
UNIT 6: Mortgage Arrears & Post-Completion issues
30 minute objective exam, 25 multiple-choice questions
Module 3
UNIT 7: Assessment of Mortgage Advice & Knowledge
120 minute objective exam, 6 case studies with 10 multiple choice questions
How do I study the CeMAP course?
With Simply Academy, there are two options for study: Fast Track and Distance Learning. Both have excellent success rates so pick the option that’s best for you!
Fast Track
You’ll be taught the full syllabus over 10 days in a classroom environment. This training it led by our highly experienced, friendly tutors at training centres across the country.
Distance Learning
Access full course content via our online portal and study wherever and whenever it suits you.
Any questions?
Hopefully you’re no longer wondering ‘what is CeMAP’ and are now looking forward to your exciting new career! However, if you’ve got any questions don’t hesitate to get in touch.