CeMAP Certificate in Mortgage Advice (Module 1)

Module 1 is the starting point in your CeMAP journey, enabling you to develop the knowledge and expertise of the financial services industry.

CeMAP Module 1 focuses on the UK Financial Regulations (UKRF) and comprises two units: 

• Unit 1:  Introduction to Financial Services Environment and Products (ITFS).

• Unit 2: UK Financial Services and Regulation (UKFS).

Our course provides comprehensive support to help you master these two units and pass all your exams.

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

Unit 1 of CeMAP 1 introduces you to the UK's financial services industry and the key participants in the sector. In this unit, you'll familiarise yourself with the financial assets and product types available in the market. You'll also learn the processes of giving sound financial advice.

Some of the expected learning outcomes for this unit are:

• Learn the purpose and structure of the UK financial services industry.

• Identify the main financial asset classes and their characteristics.

• Understand the main financial services product types and their functions.

• Recognise the main financial advice areas.

• Explain the process of giving financial advice, including the importance of regular reviews of the consumer's circumstances.

• Identify the basic legal concepts relevant to financial advice.

• Analyse the UK taxation and National Insurance systems and how they affect personal financial circumstances.

• Evaluate the impact of inflation, interest rate volatility and other relevant socioeconomic factors on personal financial plans.

Unit 2: UK Financial Services and Regulation (UKFS)

Unit 2 of CeMAP 1 outlines the UK financial regulation. Starting with the Financial Conduct Authority (FCA), you'll learn the various legislations and frameworks that govern or regulate the UK financial services industry.

Some of the expected learning outcomes for this unit are:

• Understand the main aims and activities of the Financial Conduct Authority (FCA)/PRA and their requirements for ethical conduct by firms and individuals.

• Analyse how legislation (other than tax legislation) and regulations impact firms and the process of advising clients.

• Identify the role of oversight groups and other influencing bodies.

• Explain the regulator's approach to regulating firms and individuals.

• Describe how the regulator's rules affect the control structures of firms and their relationship with the regulator.

• Apply how the regulator's Conduct of Business Rules apply to advising clients/ customers.

• Implement how the Anti-Money Laundering regulations apply to dealings with clients/customers.

• Recognise the main features of the rules for dealing with complaints and compensation.

• Explain the role of the Information Commissioner's Office (ICO).

CeMAP 1 Exams

The exam for CeMAP Module 1 covers the course materials learned throughout the module, which you must pass before moving to the next CeMAP module.

These exams focus on UK Financial Regulation (UKFR) including: 

•    Unit 1 – Introduction to Financial Services Environment and Products

•    Unit 2 – UK Financial Services and Regulation 

All exams from this module are available via the awarding body. The exam fee is £202 per exam, which is paid directly to LIBF. Exams can be taken in the comfort of your home via remote invigilation or at one of the 150 Pearson VUE centres nationwide. 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 and pay your exam fees if you sit at a test venue. Exam fees may vary depending on location.

Duration

• 1 hour for each exam. 

If you want to become a Mortgage Advisor but want to study course by course, the CeMAP Module 1 training is a great place to start.

CeMAP has been developed specifically for those interested in becoming finance advisors in the UK's financial services industry. As there are no formal entry requirements, it's a beginner-friendly training option for those who want to start a mortgage advisor career or change careers.

To study the Certificate in Mortgage Advice and Practice Module 1, we recommend that you:

• 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 benefits that you can get from enrolling on our CeMAP course:

• Enhanced credibility: Receive the Certificate in Mortgage Advice and Practice after completing all three modules to demonstrate your commitment and competence in the field.

• Exceptional exam pass rates: We are one of the UK's leading providers of CeMAP training, with an average pass success rate of 93%.

• Online learning platform: Our accessible eLearning platform contains all the support and learning materials you need to complete the course.

• Responsive tutor support: Request unlimited support and gain webinar invitations from our team of Tutors and industry experts within 24-48 hours.

• Comprehensive course content: Interact with the lessons better with our wide range of course content, which includes engaging slides, videos, and animations on our eLearning platform.

• Flexible learning: Study independently, with 6 months of course access, which can be used when and where it suits you best.

• 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.

• 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 (sometimes called a Mortgage Broker) is a financial professional who helps people secure mortgages by finding the best mortgage deals for purchasing their homes. For many, this will be their first home and their first time applying, so a Mortgage Advisor is essential. They learn about their circumstances to provide the most appropriate product, best advice, and support for their needs.

Some of the key responsibilities include:

• Helping clients assess their financial situation.

• Suggest the most suitable mortgage for their needs.

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

• Negotiating with lenders.

• Guiding clients through the mortgage process.

• Pre-qualification and application assistance.

Is it worth becoming a Mortgage Advisor in the UK?

Becoming a Mortgage Advisor is a great option for you in the UK, as it will enable you to meet new people, build relationships, and help them solve their financial concerns. This career choice is rewarding, and Mortgage Advisors who have completed the CeMAP training course and hold CeMAP certifications can typically earn a starting salary of around £40,000, increasing to £75,000+ with experience and a healthy commission package.

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. You cannot become a Mortgage Advisor without first obtaining your CeMAP qualifications and then earning your Competent Adviser Status (CAS).

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 and different UK financial products, UK financial services, and UK financial regulation.

How to prepare for CeMAP?

To prepare for CeMAP, you first need to understand the programme by familiarising yourself with the three modules and the individual units covered in each module. Then, it would be best to create a realistic study schedule that allocates sufficient time for each module.

Break down the syllabus into smaller, manageable chunks and prioritise topics based on their weight in the exam. Take notes, highlight key points, and actively engage with the content. Pay close attention to the Financial Conduct Authority's (FCA) guidelines and ensure your study materials cover the relevant regulations.

Finally, various resources are available to help you prepare, including online courses, revision guides, and practice exams. e-Careers will provide you with all the support and resources you need to prepare for your exams.

How long does it take to complete CeMAP 1? 

Completing CeMAP Module 1 depends on various factors, such as the preferred learning style, prior knowledge in the industry, and the amount of time you can dedicate to studying each week. We offer flexibility in the course to allow our students to study at their own pace for the full 6 months of course access.

On average, our students typically complete their CeMAP Module 1 course within 6 months.

What happens after I pass CeMAP?

Upon completing Module 1 of CeMAP, you can continue to CeMAP Modules 2 & 3. You'll need to complete all 3 CeMAP course modules before you can fully utilise your qualification in providing legal mortgage advice.

Once you finish all three CeMAP modules, you'll earn the CeMAP qualification, which will be your license to practice your profession in the financial services industry. Companies will hire you to provide mortgage advice to their clients.

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 with high mortgage advice knowledge.

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. Officers with experience in the mortgage advice industry earn an annual salary of £35,000.