CeMAP Mortgage Advisor Qualification Exam Tips
For those seeking to become a mortgage broker in the UK, a qualification like CeMAP is essential.
The Certificate of Mortgage and Practice was devised by the London Institute of Banking and Finance (LIBF), and is designed to tick several boxes. The Financial Conduct Authority (FCA) insists that every advisor has a qualification like a CeMAP, to prove their competence, but the certificate also provides candidates with the knowledge, understanding and skills they need to practice.
Once they are qualified, mortgage advisors can add the letters CeMAP to their name and earn competitive salaries, but first they must study hard and pass their exams. To this end, we have compiled a comprehensive list of CeMAP mortgage advisor qualification exam tips to enhance your chance of success.
Whether you’re looking ahead to your final exams, or are getting ready to sit them soon, we suggest reading on to get prepared.
Understanding the CeMAP exam
You might be ready to plough ahead with your revision, but first ensure you clearly understand the structure of the CeMAP examination. Make sure you’re familiar with its purpose and format, so you can prepare for it effectively.
CeMAP exams assess your understanding of all aspects of mortgage advice and practice. The exam includes three different modules (CeMAP 1, 2 and 3), and each focus on a different area of mortgage advice, including ethical practices, legislation and mortgage products, to name but a few.
Exams mainly feature a multiple-choice style format. Modules consist of several questions you must answer in a set time limit. Becoming familiar with the exam structure and timeframe for completion is vital to managing your time in an exam effectively.
Best practices for CeMAP studies
Ensure you have a quiet place to study free from distraction, and plan out a timetable. Make sure you schedule in regular breaks to keep your concentration levels at optimum.
When revising for your CeMAP exams, online resources are exceptionally valuable. Using the latest search tools can help you locate information quickly, and training video content can be reviewed multiple times when you need to refresh your knowledge. As a result, you can study faster and more effectively, and perform drills to make sure you have a solid grasp of areas of CeMAP you’re less sure of.
While training content can be helpful, mock exams also have much to offer. Providing a real feel of what your examinations will be like to sit, these time sensitive resources will help you practice speed and precision. The exams also feature authentic questions that are included in final CeMAP exams.
CeMAP exam technique
It might seem obvious, but the night before your exam, get a good night’s sleep, and eat a light breakfast before you set off. While you might not feel hungry due to nerves, your stomach rumbling during an exam can be an unwelcome distraction.
Remember to read each question fully before you answer it. Only select a multiple-choice option when you are sure you understand the question and know the answer. You might come across a question you are not confident to answer, but don’t let this slow you down. Instead, move on to the next question, and circle back to it.
CeMAP exams are time sensitive, so you need to maintain your flow. After you have successfully answered the rest of the questions, you might feel more confident to return and tackle the one that stumped you.
If you finish early, go back through your exam, and ensure you haven’t missed any questions. Remember to remain positive, and believe in yourself. The CeMAP exam is assessing what you have learned during the training course, so if you have studied hard and have a strong understanding of your subject, this will be reflected in your results.
Are you looking for a CeMAP training company you can count on?
At Beacon Financial Training, we take pride in providing first class CeMAP study courses. We understand that every candidate is an individual, and as a result, we provide different ways to learn that suit a variety of needs. While we supply traditional classroom courses at our dedicated training centres, we also offer a chance to learn remotely from home with an online study course. For those looking for a balance between the two options, we also provide live webinar courses, which allow classroom interaction from a remote location.
Regardless of where you carry out your CeMAP studies with us, you’ll benefit from the same professional instructors and high-quality support and learning resources. As a sign of our trust in the service we provide, we allow our students to retake their exams until they are happy with their result at no extra cost.
To explore the CeMAP study courses we supply, get in touch today to find out which option is best for you.
