The CeMAP Exams Explained

16 November 2021

Close up of a pencil tip resting on a Financial Services training exam paper.

If you are looking to complete your CeMAP training to become a mortgage adviser, or you are currently undertaking one of our courses, then you know what stands between you and your career goals – the CeMAP examinations. Many people who take on CeMAP training haven’t had to sit an exam since school or college, but don’t be put off by the faint memories of pre-test nerves. In this handy guide, here at Simply Academy we have laid out all you need to know about your CeMAP exams to set your mind at ease and help you prepare to achieve that all important qualification. So, for a comprehensive unit-by-unit breakdown and an explanation of CeMAP pass rates, as well as a selection of our top tips to help you achieve the grade you deserve, read on.

CeMAP exams breakdown

The Certificate in Mortgage Advice and Practice (CeMAP) consists of three mandatory modules made up of seven units in total. Each module examination is two hours in length and you will answer a set number of questions per unit. Below we outline what should be expected in each module:

Module 1

This initial module consists of two units. The first unit provides an introduction to the financial service industry and financial products that are commonly used and sold. The second unit will take you into more specific detail, learning about financial regulations. Overall, this module provides a good introductory overview of the services and regulatory frameworks used in the financial services industry.

For CeMAP module one, there are 100 multiple choice questions to answer over two one-hour exams:

Module 1 Unit Title Duration Questions
Unit 1 Introduction to the Financial Services Environments and Products 60 minutes 50 multiple choice questions
Unit 2 UK Financial Services and Regulation 60 minutes 50 multiple choice questions

 

Module 2

This module is more in-depth and consists of four units. The first unit focuses on mortgage law, market policies and good practice, while unit two concentrates more on the actual processes involved in mortgage applications. Unit three looks at different types of mortgage products and various payment methods and models, and, finally, unit four deals with mortgage arrears and the problems that can occur after a mortgage has been sold.

For module two’s four units, you will have a two hour exam that will consist of 25 multiple choice questions for each one:

 

Module 2 Unit Title Duration Questions
Unit 3 Mortgage Law, Policy, Practice and Markets 30 minutes 25 multiple choice questions
Unit 4 Mortgage Applications 30 minutes 25 multiple choice questions
Unit 5 Mortgage Payment Methods and Product 30 minutes 25 multiple choice questions
Unit 6 Mortgage Arrears and Post-Completion Issues 30 minutes 25 multiple choice questions

 

Module 3

The third and final module, made up of just one unit, aims to pull together all of the knowledge and skills you have learnt in the first two modules, using case studies to bring some more hands-on experience to the learning process. This typically involves the use of roleplaying where you will be asked to play the role of a mortgage advisor dealing with a number of different scenarios. However, it’s worth noting that the module three exam itself is still a written assessment. In order to prepare you for your CeMAP exam, you will be provided with previous exam questions that can be used to study.

For module three, you will have two hours to review six case studies and answer a series of multiple choice questions based on those studies:

 

Module 3 Unit Title Duration Questions
Unit 7 Assessment of Mortgage Advice and Knowledge 120 minutes 6 case studies

10 multiple choice questions per case study

 

CeMAP exams pass rates

Pass rates for the CeMAP exams are calculated on a percentage basis for each unit, so you must correctly answer at least 70% correctly in order to successfully pass that unit. Pass marks are also graded, with 70% plus giving you a pass, 80% plus is a merit and 90% plus is a distinction. No one wants to think about failing an exam, but should this happen, you will only need to resit the unit that you did not pass. This means you wouldn’t have to retake the whole module exam again.

CeMAP exam tips

Before you head off to sit your CeMAP exam, here are a few top tips to help you achieve that all important qualification:

  • Revise smart

While revising is clearly essential when it comes to passing the CeMAP exams, revising in the right way can make the whole process much easier. That is to say, don’t leave everything to the last minute and expect to pass after a late night cramming session the night before your exam. Create a structured timetable a few weeks before test day – one that allows for regular breaks and rest periods. This is the best way to learn. 

  • Make sure you are well-rested and dressed comfortably

There is no substitute for a good night’s sleep before your exam. This will help you feel relaxed and ready to go. In a similar vein, wearing comfortable clothing during your exam can also help to keep you calm, cool and completely collected. 

  • Always read each question carefully

Again, while this may sound obvious, it’s easy to let nerves get the better of you on exam day, and when this happens, silly errors can occur. The way CeMAP questions are worded can be tricky, so make sure you read each one thoroughly to make sure you have fully understood the question before attempting to answer it. 

  • Take a cautious approach to answering questions

As a rule, CeMAP questions relating to mortgage lending tend to be based on a cautious lending mindset. This is to say, while you may have learnt about more ‘adventurous’ products, the CeMAP exam expects you to advise on sensible products that use standard income multipliers. With this in mind, assume you are not lending to people with bad credit history and approach each case study question with a cautious approach. 

  • Maintain a positive attitude

Staying positive is key when sitting any exam. At the end of the day, what’s the worst that can happen? Yes, you can fail aspects of the exam, but (as we touched on above) if this should happen, you will only need to resit the one unit that you did not pass.

Going into your exam with a positive mindset, on the back of a good amount of preparation and revision, will calm the nerves and help you to achieve the grade you truly deserve.

If you need further information or assistance with your CeMAP qualification or have questions about the CeMAP exams, do get in touch with Simply Academy on 0808 208 0002 (Freephone) or email [email protected] for friendly, professional advice and guidance. We look forward to helping you achieve your career goals.

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