CeMAP Certificate in Mortgage Advice (Modules 2 & 3) - Virtual Classroom

Module 2 of your CeMAP journey focuses on understanding mortgage products in the finance service industry. The CeMAP 2 course comprises four units:

• Unit 3: Mortgage law, policy practice and markets (MLPP)

• Unit 4: Mortgage applications (MAPP)

• Unit 5: Mortgage related protection products (MRPP)

• Unit 6: Mortgage payments methods and post-completion issues (MPMC)

Finally, CeMAP Module 3 focuses on applying the knowledge gained from the previous two modules in real-life scenarios. This module only consists of one unit: Assessment of mortgage advice knowledge.

Our course provides comprehensive support to help you take all five units and pass all your exams.

CeMAP Module 2, Unit 3: Mortgage Law, Policy Practice and Markets (MLPP)

CeMAP 2's Unit 3 provides an overview of the mortgage laws and policies within the UK financial regulation. You'll also learn the legislations and policy practices that go into mortgage lending and integrate economic context in giving mortgage advice.

Some of the expected learning outcomes for this unit are:

• Understand the regulatory definition of different types of mortgage and regulated mortgage contracts.

• Understand the house-buying process, the key parties involved and their roles.

• Understand the process and implications of buying property at auction.

• Understand the common types of borrowers, how their main mortgage-related requirements may differ, and what factors may disqualify people from borrowing.

• Understand the main requirements of the MCOB rules and the legislation affecting mortgages.

• Understand the economic and regulatory context for giving mortgage advice.

CeMAP Module 2, Unit 4: Mortgage Applications (MAPP)

Unit 4 delves further into the role of Mortgage Advisers in the mortgage application process. In this unit, you'll learn the methods of property valuation and the factors that affect its value. You'll also learn about mortgage fees, including arrangement and valuation fees, and the different types of additional security lenders may require, such as guarantors or second charges.

Some of the expected learning outcomes for this unit are:

• Understand the role of a Mortgage Adviser and the principles of providing advice to deliver a fair outcome for the customer.

• Understand the use of additional forms of security.

• Understand the fees involved in arranging a mortgage.

• Understand the principal types of property defects that surveys can identify and understand their implications when seeking a mortgage, including the options available to consumers and lenders.

• Understand the principal factors affecting the value of property.

• Understand the different forms of valuation and survey and which might be appropriate for various properties and/or the borrower's circumstances.

CeMAP Module 2, Unit 5: Mortgage-Related Protection Products (MRPP)

Unit 5 of CeMAP 2 trains you on the financial protection products available when involving mortgages. From insurance products to protection policies, you'll understand the features of these financial products and advise clients on the suitability of these products based on their circumstances.

Some of the expected learning outcomes for this unit are:

• Understand the need for financial protection planning.

• Identify the main sources of financial protection.

• Identify the regulation of insurance products and how it provides consumer protection.

• Understand the main features of life assurance protection policies and options to meet consumers' financial protection needs.

• Understand the range and application of income protection to meet consumers' financial protection needs.

• Understand the different forms of valuation and survey and which might be appropriate for various properties and/or the borrower's circumstances.

• Understand the main features of insurance-based mortgage protection policies.

• Understand the needs and priorities in selecting appropriate financial protection solutions.

CeMAP Module 2, Unit 6: Mortgage Payments Methods and Post-Completion Issues (MPMC)

CeMAP Unit 6 focuses on procedures after completing the mortgage payments and the possible issues arising. You'll also learn the Mortgage Advisor's role in resolving mortgage concerns.

Some of the expected learning outcomes for this unit are:

• Understand the principles, procedures and considerations associated with raising additional money.

• Understand the principles, procedures and costs of transferring and amending mortgages.

• Understand the implications of consolidating debt appropriately within a mortgage.

• Understand the implications of the non-payment of mortgages and other breaches of the Mortgage Deed.

• Understand the legal rights and remedies available to lenders regarding non-payment from borrowers.

• Understand the structure and features of different types of mortgages.

CeMAP Module 3, Unit 7: Assessment of Mortgage Advice Knowledge (ASSM)

Unit 7 of CeMAP 3 assesses your understanding of the key principles in the UK financial services industry. In this unit, you'll learn how to apply the UK financial services regulation and the various mortgage principles and concepts to real-life scenarios and case studies.

Some of the expected learning outcomes for this unit are:

• Analyse the key features of different mortgage solutions and their suitability for different customer's circumstances.

• Analyse the key features of different forms of property purchase and specialist mortgage lending and their suitability for various customer's circumstances.

• Apply the rules and regulations governing mortgage lending, mortgage advice and the sale of associated mortgage protection arrangements.

• Apply the principles of ethical and sustainable advice to suit customers' circumstances.

Format

CeMAP Module 2 has an objective test in a 100-item multiple-choice format. Here's a breakdown of the multiple-choice questions for each unit:

• Unit 3: Mortgage Law, Policy Practice and Markets (MLPP) - 25 questions.

• Unit 4: Mortgage Applications (MAPP) - 25 questions.

• Unit 5: Mortgage-Related Protection Products (MRPP) - 20 questions.

• Unit 6: Mortgage Payments Methods and Post-Completion Issues (MPMC) - 30 questions.

The Module 3 exam will contain six case studies, each with 10 linked multiple-choice questions. These exams cover the units and course materials learned through the module, which you must pass before achieving your CeMAP designation.

Duration

Below are the exam durations for each assessment of this course:

• Module 2 – Mortgages (MORT): 2 hours

• Module 3 – Assessment of Mortgage Advice Knowledge (ASSM): 2 hours

Availability

All exams from both modules can be taken in the comforts of your home via remote invigilation or at one of the 150 Pearson VUE centres across the country. We'll provide you with all the support and resources you need to prepare for your exams.

You must also book your preferred examination date first and pay your exam fees if you choose to sit at a test venue. Exam fees may vary depending on location, so always shop for a venue that offers competitive rates.

Our CeMAP Modules 2 & 3 training course is designed for individuals seeking a career in the financial services industry. If you are a CeMAP delegate currently pursuing the qualification, you can enrol in our CeMAP virtual classroom course and complete all modules within the qualification.

To study the Certificate in Mortgage Advice and Practice Module 2 & 3 virtual classroom course, we recommend that you:

• Are currently undertaking the CeMAP qualification.

• Complete the CeMAP Module 1.

• Are at least 16 years old (or have the consent of a parent or guardian).

• Have a solid understanding of the English language.

• Have basic numerical skills.

• Have access to a PC or laptop (This course is compatible with both Mac and Windows).

• Have access to a secure internet connection.

Here are the additional benefits that you can get from e-Careers:

• Mortgage Qualification: Receive the FCA-approved CeMAP qualification, which will allow you to legally provide mortgage advice and secure a job in the UK financial service industry.

• High Exam Pass Rates: We are one of the UK's leading providers of CeMAP training, with an average pass success rate of 93%.

• Virtual Classroom Environment: Participate in virtual classroom sessions led by mortgage professionals with years of experience in the industry.

• Exam Pass Guarantee: We will provide ongoing support and allow you to retake the same training course until you achieve certification.

• 4-Day Classroom Duration: Complete your CeMAP training in under 4 days of structured virtual classroom setup.

• Mock exam sessions: Take your CeMAP practice exams in your virtual classroom to simulate the actual examinations.

• CeMAP digital manual: Receive comprehensive digital course material that you will use as you sit in the virtual classroom sessions.

• Interest-free payment options: Our interest-free payment options make your education more accessible so you can study the course and start your learning journey without worries.

• Network with Peers: Connect with other professionals enrolled in the course and expand your professional network within the mortgage industry.

• TOTUM Pro Card: Shop with discounts using TOTUM Pro Card, which offers discounts in selected stores and websites.

What does a Mortgage Advisor do?

A Mortgage Advisor, also known as a Mortgage Broker in some areas, is a financial professional who helps you navigate the process of securing a mortgage. Some of the key responsibilities include:

• Helping clients assess their financial situation.

• Suggesting the most suitable mortgage for their needs.

• Searching the market to find deals that match their client's criteria.

• Negotiating with lenders.

• Guiding them through the mortgage process.

• Pre-qualification and application assistance.

Is it worth becoming a Mortgage Advisor in the UK?

Becoming a Mortgage Advisor in the UK is a rewarding career in the finance industry. Mortgage Advisors command a starting salary of £40,000, which can grow up to £75,000 once you've obtained a senior position. Moreover, becoming a Mortgage Advisor is an exciting career as your job will require you to meet new people, build relationships, and help them solve their financial concerns.

Is it worth doing CeMAP?

The Certificate in Mortgage Advice and Practice is worth studying because of the essential skills you'll gain from the qualification. You'll also gain professional recognition that boosts your employability and opens various job opportunities within the industry.

Is the CeMAP course valid in Scotland?

CeMAP is a widely recognised mortgage qualification that can be studied and practised in England, Wales and Scotland. While this course is based on the England and Wales syllabus, the Scottish regulatory framework for mortgage law is closely aligned with the English framework.

Therefore, you can complete this CeMAP course and apply for a Scottish Mortgage Adviser's license without retaking any modules. 

To ensure that you meet the requirements for practising as a professional Mortgage Adviser in Scotland, you should inform the London Institute of Banking & Finance (LIBF) that you are a Scottish student when you register for the CeMAP course.

The LIBF will then ensure you receive the correct course materials and guide you through applying for a Scottish Mortgage Adviser's license.

What is CeMAP equivalent to?

Gaining the CeMAP qualification is equivalent to A-Levels or Level 3 qualifications or equivalent. Earning the qualification means demonstrating in-depth knowledge, skills, and commitment to Mortgage Advice.

Is it easy to pass CeMAP?

CeMAP may have challenging assessments and case study examinations. Still, with the right support and resources, you can pass all exams and continue working towards the Certificate in Mortgage Advice and Practice.

At e-Careers, our comprehensive CeMAP Module 2 & 3 virtual classroom course training will provide you with all the support you need for this level. (See Additional Benefits tab)

Exam pass guarantee

Our Virtual Classroom training has resulted in higher pass rates, assuring us to offer an Exam Pass Guarantee. Rest assured, we are committed to supporting you until you achieve certification.

With our Exam Pass Guarantee, if you do not pass the exam after completing this training course with us, you will be eligible to retake the same training free of charge.

We kindly ask that you:

• Attend all class days and complete all assignments

• Take the exam within 30 days of finishing your Virtual Classroom training

• Submit your request for course re-enrolment within 30 days of an unsuccessful exam attempt

*Please note that students retaking the CeMAP training course must utilise any materials or books distributed during their initial session. Failure to do so may result in charges for replacement materials.

*The Exam Pass Guarantee does not cover exam fees, which must be purchased separately.

What happens after CeMAP?

Upon completing Modules 1, 2, & 3 of CeMAP, you'll be awarded the certification by the LIBF, which will be your license to practice your profession in the financial services industry. You can also take the Certificate in Regulated Equity Release qualification, which you can use to specialise in providing advice in equity releases.

What jobs can I apply for after obtaining my CeMAP qualification?

Once you have completed the full courses and necessary exams, you can start your own mortgage brokerage business or apply for jobs in the sector.

Some of these positions include:

Qualified Mortgage Adviser

Qualified Mortgage Advisers evaluate clients' financial situations, recommend suitable mortgage products, and guide them through the application process. The entry-level salary for a Mortgage Adviser is £40,000 but can go as high as £75,000, and be entitled to commissions for experienced professionals.

Mortgage Underwriter

Mortgage Underwriters analyse loan applications, evaluate risks, and determine if applicants meet mortgage approval requirements. The average salary for a Mortgage Underwriter is £30,000.

Mortgage Administrator

Mortgage Administration roles involve supporting the mortgage process by completing paperwork accurately, establishing mortgage payment methods, and coordinating with clients and lenders. The average salary for this position is £24,000.

Mortgage Sales Manager

A Mortgage Sales Manager or Mortgage Relationship Manager is responsible for developing and maintaining relationships with clients, Mortgage Brokers, and other stakeholders. The annual salary for Mortgage Sales Managers is £56,000.

Mortgage Compliance Officer

Mortgage Compliance Officers ensure that mortgage-related activities within an organisation comply with regulations and industry standards. Their annual salary is £35,000.