CeMAP & CeRER Syllabus
CeMAP 1
- Unit 1 – Introduction to Financial Services Environment and Products
- Unit 2 – UK Financial Services and Regulation
CeMAP 2 & CeMAP 3
- Unit 3 – Mortgage Law, Policy, Practice, and Markets
- Unit 4 – Mortgage Applications
- Unit 5 – Mortgage Payment Methods and Products
- Unit 6 – Mortgage Arrears and Post Completion Issues
- Unit 7 – Assessment of Mortgage Advice and Knowledge
CeRER
- Unit 1 – Fundamentals of Equity Release (FOER)
- The principles of equity release
- Types of schemes available and the circumstances in which equity release may be appropriate
- The advantages, disadvantages, and potential risks to consumers
- Unit 2 – Equity Release Solutions (EQRS)
- Selecting suitable equity release solutions to meet the circumstances of different consumers
CeMAP & CeRER Exam Details
The CeMAP 1 exam is a 2-hour objective exam made up of 100 multiple-choice questions. It will test your knowledge of UK Financial Regulation (UKFR), including:
- Unit 1 – Introduction to Financial Services Environment and Products
- Unit 2 – UK Financial Services and Regulation
CeMAP 2 is a 2-hour objective exam made up of 100 multiple-choice questions. CeMAP 3 exam is also 2 hours long, comprising 6 case studies, each with 10 linked multiple-choice questions.
The units you’ll cover during the CeMAP 2 & CeMAP 3 exam include:
- Unit 3 – Mortgage Law, Policy, Practice and Markets
- Unit 4 – Mortgage Applications
- Unit 5 – Mortgage Payment Methods and Products
- Unit 6 – Mortgage Arrears and Post Completion Issues
- Unit 7 – Assessment of Mortgage Advice and Knowledge
CeRER Exam Details
The core Equity Release module is assessed through a single 2-hour objective exam, split into two units. Unit 1 is 50 multiple-choice questions, and Unit 2 is 3 case studies with 10 linked multiple-choice questions.
Exam format - Multiple-choice.
Number of questions - 50.
Pass mark - 35/50 (70%).
Equity Release Solutions
Exam format - Case studies, Multiple-choice.
Number of questions - 3 case studies with 10 questions.
Pass mark - 21/30 (70%).
The CeRER exam is assessed through a single 2-hour objective exam, split into two units. Unit 1 is 50 multiple-choice questions, and Unit 2 is 3 case studies with 10 linked multiple-choice questions.
Exam information for CeMAP and CeRER
Register with the London Institute of Banking & Finance to take your exams. The exams (including registration fees) are not included in the cost of the course.
For CeMAP there is an exam fee of £190 per exam (£570 for all three exams) and you can apply to take your exam anytime throughout the year, including via a test centre or remote invigilation online. The cost of a re-sit exam is £160 per exam.
For CeRER there is an exam fee of £220. The cost of a re-sit exam is £160.
Exam Pass Guarantee
We have found virtual classroom training has provided higher pass rates, which has made us confident to offer an ‘Exam Pass Guarantee’, so you know we’ll support you until you are certified.
With our Exam Pass Guarantee, if you do not pass the exam after attending this training course with us, you will be eligible to attend the same training again for free.
All we ask is that you:
- Attend all class days and complete all assignments.
- Take the exam within 30 days of completing your Virtual Classroom Training.
- Request your course re-enrolment within 30 days of the failed exam attempt.
Please Note:
Students retaking the course are required to use the materials and books distributed to them in their original course session. Failure to provide these materials will result in the student being charged for replacement materials.
Exam Pass Guarantee does not include the re-sit exam, this would need to be purchased at an additional cost.