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Certificate in Mortgage Advice and Practice - Paper 2

CeMAP 2 and 3 Study Guide

Programme Details
We study CeMAP 2 over four days in groups. This allows us to focus on helping you pass the CeMAP paper 2 the first time. Our tutors will provide In-depth training across the whole syllabus, honing in on the learning outcomes necessary to achieve examination success.

You will leave with the exact knowledge and understanding of all the key critical areas of CeMAP 2 and how to apply them to the case study tests in CeMAP 3.

Course Overview

CeMAP 2 and 3 Revision Notes

Mortgages (Module 2)
The Mortgages module is split into four units and focuses upon, law, practice policy and markets, application, payments methods and products and post completion issues.

Assessment Units
Unit 3 – Mortgage Law, Policy, Practise and Markets
Unit 4 – Mortgage Applications
Unit 5 – Mortgage Payments Methods and Products
Unit 6 – Mortgage Arrears and Post-Completion Issues
Exam delivered electronically

Unit 3 - Mortgage Law, Policy, Practice and Markets
Covers:

  • Definition of a mortgage
  • House buying process
  • Common types of borrower
  • Mortgage Contact of Business (MCOB) rules and the legislation
  • The role of the mortgage adviser
  • Additional security
  • Fees and charges
  • Value of property
  • Valuation and surveys
  • Repayment options
  • Mortgage products and interest rates
  • Mortgage associated insurance
  • Raising additional money
  • Transferring mortgages
  • Debt consolidation
  • Breaches of the Mortgage Deed
  • State provisions

Unit 4 - Mortgage Applications
Covers:

  • The role of a mortgage advisee and the importance and principles of providing advice, including the key factors affecting the advice given;
  • The implications for consumers of 'gazumping' and 'gazundering';
  • The fees and charges involved in arranging a mortgage, where these apply, the services they cover, when they become due, which are refundable and how the opportunity for refunds diminishes as the process nears completion;
  • The principal factors affecting the value of property, including their implications for consumers seeking mortgages and when consumers should be referred for specialist advice;
  • The different forms of valuation and survey and which might be appropriate for different properties and/or the borrower's circumstance;
  • The need to obtain Local Authority planning consent for house developments/extensions.

Unit 5 - Mortgage Payment Methods and Products
Covers:

  • The key features of the different types of mortgage repayment options and their benefits for different types of borrower;
  • The key features of the common types of mortgage product and interest rate options;
  • The structure and features of other types of mortgage and when they might be suitable for borrowers;
  • The main features and functions of different forms of life assurance and other insurance (e.g. mortgage payment protection insurance (MPPI); life; accident; sickness and unemployment (ASU) insurance; building insurance; contents insurance) associated with arranging a mortgage.

Unit 6 - Mortgage Arrears and Post-Completion Issues
Covers:

  • The principles and procedures associated with raising additional money and the circumstances when further borrowing might be appropriate;
  • The principles, procedures and costs associated with transferring mortgages;
  • The principles of using mortgages within debt consolidation arrangements;
  • The implications for the borrower of the non-payment of mortgages, other breaches of the Mortgage Deed, non-payment of building insurance and the options available;
  • The legal rights and remedies available to lenders in respect of non-payment from borrowers;
  • The main provisions made by the State to assist consumers in the difficulties over the repayment of mortgages.

>> Download syllabus <<


Full Time CeMAP 2 Training schedule is as follows:

  • Monday - Thursday
  • The training starts from 10am - 4.30pm
  • Refreshments and a lunch time buffet is provided

Part Time CeMAP 2 Training schedule is as follows:

  • Our weekend CeMAP 2 course takes place over 5 days ( typically 3 Saturdays and 2 Sundays).
  • The training starts from 10am - 4.30pm
  • Refreshments and a lunch time buffet is provided

Examinations
The CeMAP 2 examination is computer based and consists of 25 multiple choice questions on each unit (100 in total). You must answer 17 from each unit correctly to get a pass, 20 from each unit to get a merit and 22 from each unit to get a distinction.

Grading

Pass             70%
Merit              80%
Distinction   90%

Students must achieve a minimum of 70% in each unit. If students don't gain 70% in any unit/s within a module they will have to re-sit.

Entry Qualifications
Participation in the Certificate in Mortgage Advice and Practice programme does not have a requirement for any previous qualifications and is not subject to age restrictions. However in most cases to get employment people should be over 16 years of age and there is no upper age limit.

See our offers page for any special offers or contact us on 0845 68 62 888

Please note: You will need to register for the above examinationthrough the Institute of Financial Services http://www.ifslearning.com/ at a cost of £130 each. This fee includes your study material and one attempt at the exam.