“CeMAP 2&3 Online Course” has been added to your basket. View basket

Free Module - Online CeMAP Course

£0.00

Description

CeMAP stands for Certificate in Mortgage Advice and Practice. It is the primary qualification for anyone who wants to be a mortgage advisor. The course consists of three modules, followed by an examination. Both the course and the exam must be passed before you can legally offer advice.

Study Options

There are two ways of studying for the CeMAP: online and at a real-world training centre. The one you pick can affect how you pay.

CeMAP Training Payment Options

Choosing to study using an online training company will give you more flexibility in terms of how you pay. An option we offer to our students is to pay the cost in instalments. The other main method available is to pay the full cost of the course upfront – which is what most real-world training centres will require you to do.

Why Choose to Pay in Instalments?

The average cost of the CeMAP course is hundreds of pounds. At Beacon Financial Training, we provide instalment plans for payments that are entirely interest free. This means you know there is no risk of your monthly payments rising beyond a fixed amount agreed at the start.

The payment period is spread across eight months too, which keeps the amount to be paid per month to just £75. Finally, paying for it this way means that you do not lose much money if you decide the course is not for you after starting.

The instalment plan is offered from the moment you add the online course to your shopping basket.

What is a CeMAP qualification?

CeMAP is the recognised industry standard qualification for mortgage advisors. Achieving this qualification will help you launch your new career. The qualification is divided into a set of seven units spread across 3 modules (CeMAP 1, 2 & 3).

In three modules, you'll explore; the purpose and structure of the UK financial services industry, the Financial Conduct Authority’s (FCA’s) main aims, activities and relevant Conduct of Business rules, the house-buying process and parties involved, the different types of customers and mortgages, and how to assess the affordability and suitability of different mortgage options and associated products.

Do I need any prior knowledge before taking the course?

At Beacon Financial Training, we pride ourselves on guiding individuals with no prior experience through the CeMAP training process, ultimately leading to CeMAP qualification.

Exams and Modules

The CeMAP exams are facilitated by The London Institute of Banking & Finance (LIBF). As one of the few Accredited Learning Support Providers (ALSPs) for the LIBF, we prepare you to successfully pass the LIBF's exams through our training courses.

Module Structure

Module 1 (CeMAP 1): UK Financial Regulation (UKFR) – 2 units, 50 questions each
Module 2 (CeMAP 2): Mortgages (MORT) – 4 units, 25 questions each
Module 3 (CeMAP 3): Assessment of Mortgage Advice Knowledge (ASSM) – 1 unit with 6 case studies, 10 questions each

Exam Details

Each module is assessed through a two-hour electronic multiple-choice exam. You can choose your exam dates and locations, including nationwide test centres or remote invigilation.

Registration and Fees

Please note that our training course fees do not include the LIBF registration fees, which are £185 per module (3 modules total). You will have 12 months from registration with the LIBF to complete each module and sit the exam. Your first exam is included in the registration fee for each module.

For more information, contact LIBF at 01227 818609 or visit their website at www.libf.com.

Will I get an accredited certificate of qualification after completing the course?

You won’t get a qualification from only completing our course, but you will be awarded the Certificate in Mortgage Advice & Practice from the London Institute of Banking & Finance (LIBF) after you have passed your exams. See previous FAQ about how the exams work for more information.

What will I learn in CeMAP 1?

Comprising two unique units, the CeMAP 1 course has been carefully developed to provide students with a solid foundation in giving professional mortgage advice.

Unit 1: Introduction to Financial Services and Environment and Products

This first unit is designed to give new advisors a general overview of their new sector and provide them with a strong knowledge base to build upon.

Unit 2: UK Financial Services Regulations

This unit will see participants learn about the UK Financial Services Regulations, allowing them to gain comprehensive knowledge of the strict laws created to guide advisors when assisting their clients with mortgages.

What will I learn in CeMAP 2 & CeMAP 3?

CeMAP 2 and 3 have been specially designed for trainee mortgage advisors to expand their subject knowledge by building on what they have already learned in CeMAP 1.

CeMAP 2: Mortgages

The CeMAP 2 course is divided into four separate units continuing sequentially from the CeMAP 1 course.

Unit 3: Policy, Mortgage Law, Markets and Practice

This unit focuses on four topics essential for understanding mortgages.

Unit 4: Mortgage Applications

This unit instructs trainee mortgage advisors on how to understand and employ the essential documentation specifically designed for mortgages.

Unit 5: Payment Methods for Mortgages

This unit illustrates the different payment methods for mortgages and explores the wide array of products currently available on the market.

Unit 6: Mortgage Arrears

This unit deals with mortgage arrears and any issues that can arise prior to completion, preparing potential advisors for typical obstacles during a mortgage application.

CeMAP 3: Assessment of Mortgage Advice Knowledge

The CeMAP 3 course has only one module, which is about assessing your mortgage advice and knowledge. This unit consolidates the knowledge you gained in Modules 1 & 2 and teaches you how to apply it to different scenarios.