Certificate in Mortgage Advice & Practice is known as CeMAP. CeMAP will give you the knowledge and the industry recognized qualification that you need to embark on a successful career within the Financial Services sector. In order to give advice to the public, each and every mortgage consultant in the UK has to clear CeMAP. The CeMAP qualification contains three exams CeMAP 1, CeMAP 2 and CeMAP 3
CeMAP 1 Introduction to Financial Services & Products and UK Regulation:
CeMAP 1 exam gives an overview of the financial services market in the UK. Many people find this exam to be a little intimidating as it covers so many different aspects of financial services
CeMAP 1 is divided into two units Unit 1 is a complete overview of the financial services market And Unit 2 is concerned with the regulation of the financial services industry. You have to answer 50 multiple choice questions in each unit within one hour and the pass marks are 35 (70%).
CeMAP 2 Assessment of Mortgage Advice and Knowledge:
CeMAP 2 consist of four units where Unit 3 involves the law in relation to mortgages, Unit 4 covers mortgage applications, Unit 5 deals with mortgage repayments and products and Unit 6 outlines post completion issues. Each unit contains 25 multiple choice questions and you should get 17 correct answers on each unit (68%).
CeMAP 3 Synoptic Paper:
In CeMAP 3 you need to answer 10 questions on each of 6 case studies which make a total of 60 questions. To clear the exam you need to answer correctly 42 questions out of 60(70%). The content of CeMAP 3 is same as the CeMAP 2.