UK Financial Regulation or CeMAP 1
Consists of two units:
- Unit 1 – Introduction to the financial services environment and products
- Unit 2 – UK Financial Services and Regulation
Mortgages (CeMAP 2) and Assessment of Mortgage Advice and Knowledge (CeMAP 3)
Consists of 4 units:
- Unit 3 – Mortgage Law and Practice
- Unit 4 – Mortgage Applications
- Unit 5 – Repayment Methods and Products
- Unit 6 – Mortgage Arrears and Post Completion
All prices are inclusive of 20% VAT.
Those seeking to start a professional career as a mortgage advisor must first acquire a foundation in their field. Potential advisors will need to have a qualification that’s recognised by the Financial Conduct Authority (FCA).
Mortgage advisors at the beginning of their career will find CeMAP courses to be the ideal choice for such a qualification. Potential employers – including banks, building societies and specialist mortgage companies – all accept a CeMAP education as evidence of an expert understanding of mortgages. Following full certification, course participants will be ready to begin practicing as a fully qualified advisor for mortgages.
CeMAP home study courses
While many companies offer home study or online courses or distance learning courses for CeMAP, we believe that our proposal is a little different and in our opinion a lot better.
Many CeMAP home study courses are often a diluted version of the content you get in the CeMAP syllabus which is fine to a point. The problem is that the customer will often still find it difficult to understand all of this content and as a result will very quickly become disengaged and will then lose interest very quickly. It is also very hard to maintain the discipline to maintain your studying given that the content is very dense and at times to be brutally honest, not always that interesting!
At Beacon Financial Training, our home study or online course is the closest you can get to reproducing our classroom courses on video. We have been delivering classroom courses for CeMAP for nearly 15 years and the success we get on these is around 85-90% on average.
So, on our online video courses, you will hear our lead trainer teaching and explaining all the key points that you will need to know for each chapter and what you will see on the video clip is our classroom CeMAP training file that we have written with the trainer highlighting the key pieces of text which are the areas you are most likely to be examined on.
Furthermore, the trainer will be also giving you everyday examples to give you context to enable you to understand some of the more difficult areas and to explain these issues in plain language.
After each topic has been completed, the customer will then attempt a mini test which we have put together from sample CeMAP style questions which are representative of the sorts of questions to may have to answer at your actual exam that you take at the theory test centre. We will then go through those answers with you on the video and give explanations where appropriate.
We also go through mock exam questions and answers as well.
An introduction to the CeMAP qualification
CeMAP is an accepted qualification for mortgage advisors. It’s divided into seven unique units with different areas of the profession taught throughout different modules. Along with gaining expert knowledge and crucial skills, the comprehensive CeMAP course also educates would-be advisors on how to operate effectively in their future role. From understanding how legislation applies to advisors, to managing clients through the entire process of acquiring a mortgage, all areas are covered.
CeMAP 1 – take your first step to become an advisor
The CeMAP 1 course includes of two units designed to offer potential mortgage advisors a firm foundation in their new career. Unit 1 is entitled an ‘Introduction to Financial Services and Environment and Products’. This unit has been developed to provide new advisors with a broad overview of the sector they are joining and offer them a solid knowledge base on which they can build. The CeMAP 1 course includes a one-hour long examination in which trainees must answer 50 questions in a multiple-choice test.
In Unit 2, course participants will learn all about the UK Financial Services Regulations in order to acquire a strong knowledge of the rigid laws designed to guide mortgage advisors when aiding their clients. As in Unit 1, in order complete Unit 2 of the CeMAP course, trainees must take an objective examination and fully answer 50 questions in a multiple-choice format.
CeMAP 2 & 3 – take your skills to the next level
After doing the groundwork in offering advice for mortgages with CeMAP 1, the next step for trainee advisors to tackle is CeMAP 2 and 3. After successfully completing all three of the CeMAP courses, potential advisors will be set to start their career offering professional advice to those in the market for a mortgage.
The CeMAP 2 and 3 courses have been developed for trainee advisors to build on what they’ve learned and expand their knowledge by offering them an in-depth understanding of the various aspects of their newly chosen career.
The CeMAP 2 course is simply named “Mortgages” and is separated into four different units that continue sequentially from where students left off in the CeMAP 1 course.
CeMAP 2 starts with Unit 3 and is based on four subjects – Mortgage Law, Policy, Practice and Markets. Unit Four of the course turns its attention to mortgage applications, training would-be mortgage advisors on how to use the required documentation specifically developed for mortgages. Unit 5 focuses on different mortgage payment methods and the selection of products available for clients. Finally, Unit 6 studies mortgage arrears and issues that may arise before completion, preparing potential advisors for commonly found obstacles that can occur when guiding and advising clients through the mortgage application process.
The four units included in the CeMAP 2 course must be completed with a half-hour objective exam that comprises 25 multiple-choice questions.
The CeMAP 3 course includes only a single unit, Unit 7. Titled ‘an assessment of mortgage advice and knowledge’, this final course includes a 120-minute exam that involves six unique case studies accompanied by 10 multiple choice type questions.
Why select Beacon Financial Training for CeMAP home study courses?
There are a number of advantages and benefits of choosing Beacon Financial Training for your home study or online course in addition to the points already mentioned including:
- Cost – the cost for the home study course is significantly cheaper than the classroom course by over £300
- Flexibility – you can study it wherever and whenever as long as you have an internet connection
- Reinforcement – unlike a ‘live’ course, you can play, pause, rewind, repeat as often as you like.
- Support – support from our lead trainer included as standard.
- No need to take time off work so you can still keep your much valued annual leave. For companies, no need to take people off the ‘shop floor’ so to speak.
- Finally, if you did still find this a struggle and CeMAP isn’t easy, you can if you wish upgrade to the full classroom course and only pay the difference in price between the classroom cost and the home study cost.
All prices are inclusive of 20% VAT.