The Certificate in Mortgage Advantage and Practice (CeMAP) is a QCF Level 3 UK specific qualification for mortgage advisers offered by The London Institute of Banking & Finance ) which meets the standards required by the Financial Conduct Authority to practice as a ‘licensed’ 80% of UK advisers holding the qualification. [1]

CeMAP qualification process

The qualifications included seven mandatory units that are studied and assessed in three modules as follows: [1]

Module 1

  • Unit 1 – Introduction to Financial Services Environment and Products
  • Unit 2 – UK Financial Services and Regulation

Module 2

  • 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

Module 3

  • Unit 7 – Assessment of Mortgage Advice and Knowledge

Higher level qualifications

The London Institute of Banking and Finance offers CeMAP holders at a higher level CeMAP Diploma [2] and existing mortgage advisers in Regulated Equity (CeRER), Regulated Complaints Handling (CeRCH) and Regulated General Insurance (CeRGI). [3]

References

  1. ^ Jump up to:b “Level 3 Certificate in Mortgage Advice and Practice (CeMAP®) – 501/0629/6” . www.libf.ac.uk . Retrieved 2016-10-04 .
  2. Jump up^ “CeMAP Diploma” . www.libf.ac.uk . Retrieved 2016-11-09 .
  3. Jump up^ “Qualifications in Mortgage Advice” . www.libf.ac.uk . Retrieved 2016-10-04 .