CeMAP 2 is where learners move from understanding regulation into understanding mortgages themselves. While CeMAP 1 explains the rules and standards advisers operate under, CeMAP 2 focuses on how mortgage advice works in practice.
This module introduces mortgage products, borrower types, property considerations, and the application of mortgage rules. It is the core mortgage knowledge required before an adviser can begin recommending mortgages to clients.
This article explains what CeMAP 2 is, what learners study in MRT1 and MRT2, how each unit is assessed, and how the content links directly to real mortgage advice work.
What is CeMAP 2?
CeMAP 2 is the mortgage-focused module of the Certificate in Mortgage Advice and Practice. It builds on the regulatory foundation of CeMAP 1 and introduces mortgage-specific knowledge used in day-to-day advice.
CeMAP is awarded by the London Institute of Banking & Finance, which forms part of the Walbrook Group, and meets the Financial Conduct Authority education requirements for mortgage advisers in the UK.
CeMAP 2 focuses on understanding how mortgages work in practice, rather than simply knowing mortgage terminology.
What is the purpose of CeMAP 2?
The purpose of CeMAP 2 is to ensure advisers understand the mortgage process, mortgage products, and borrower considerations well enough to support suitable and responsible advice.
In real advice work, mortgage recommendations depend on more than interest rates. Advisers must understand:
- how mortgage applications progress from enquiry to completion
- how lenders assess risk and affordability
- how different mortgage products operate
- what can happen after a mortgage completes
CeMAP 2 provides the mortgage-specific knowledge needed to support those decisions.
What do you study in MRT1?
MRT1: Mortgage law, practice and application focuses on how mortgages are arranged and the legal and practical framework around them.
It provides the structure of mortgage advice work and explains how the mortgage process fits within regulation.
Mortgage advice and regulation in practice
MRT1 explains:
- when mortgage advice is regulated
- what constitutes a regulated mortgage contract
- why consumer protection applies to mortgage lending
This knowledge helps advisers understand when FCA rules apply and what responsibilities arise when advising clients.
The house-buying process and key parties
Mortgage advice sits within a wider property transaction. MRT1 covers:
- the stages of buying a property
- the roles of estate agents, lenders, solicitors, and surveyors
- how valuation and surveying link to lending decisions
Advisers need this knowledge to manage client expectations and identify potential issues early.
How lenders assess mortgage applications
MRT1 includes how lenders evaluate applications, including:
- income and expenditure assessment
- credit history and commitments
- loan-to-value considerations
- affordability and responsible lending principles
In practice, this helps advisers avoid unsuitable recommendations and explain lender decisions clearly to clients.
What do you study in MRT2?
MRT2: Mortgage products and post completion focuses on mortgage products themselves and what happens after the mortgage completes.
It builds on MRT1 by moving from process into product selection and longer-term considerations.
Mortgage product types and features
MRT2 covers how different mortgage products work, including:
- repayment and interest-only mortgages
- fixed, variable, tracker, capped, and discounted rates
- fees, incentives, and early repayment charges
The focus is on understanding how features affect suitability, not memorising individual lender deals.
Suitability and product choice
MRT2 supports advisers in understanding how product choice links to:
- client objectives and priorities
- payment stability versus flexibility
- foreseeable changes in circumstances
This is where mortgage knowledge becomes advice rather than information.
Post-completion issues
MRT2 also covers what can happen after completion, including:
- borrower payment difficulties
- arrears in principle
- the consequences of missed payments
Mortgage advice does not end at completion. Advisers often deal with remortgages, changes in circumstances, or clients experiencing financial pressure.
How are the MRT1 and MRT2 exams structured?
Under the current CeMAP structure, MRT1 and MRT2 are assessed separately, and neither exam includes case studies.
Both exams are computer-based multiple-choice assessments taken online.
MRT1 exam structure
MRT1: Mortgage law, practice and application is assessed by:
- 1-hour exam
- 50 standalone multiple-choice questions
- Pass mark: 70 percent
- Minimum score to pass: 35 out of 50
Questions focus on mortgage process, regulation, and application principles.
MRT2 exam structure
MRT2: Mortgage products and post completion is assessed by:
- 1-hour exam
- 40 standalone multiple-choice questions
- Pass mark: 70 percent
- Minimum score to pass: 28 out of 40
Questions focus on mortgage products, suitability, and post-completion considerations.
Key points for learners
- MRT1 = 50 multiple-choice questions
- MRT2 = 40 multiple-choice questions
- Both exams are 1 hour
- No case studies in CeMAP 2
How does CeMAP 2 link to real mortgage advice work?
CeMAP 2 reflects the decisions advisers make daily.
In practice, the knowledge gained supports advisers in:
- assessing borrower suitability
- understanding lender requirements
- identifying property-related risks
- explaining mortgage features clearly
- discussing longer-term implications with clients
Many advice issues arise from misunderstanding borrower circumstances or product features. CeMAP 2 addresses these risks directly.
Common misconceptions about CeMAP 2
“CeMAP 2 is just about mortgage products”
CeMAP 2 includes product knowledge, but it also covers process, application, and post-completion risks. Product knowledge alone is not enough to give suitable advice.
“You only need this once you start advising”
CeMAP 2 provides the foundation advisers rely on from day one. Without it, advisers cannot assess suitability or explain mortgage risks properly.
“Post completion does not matter”
Clients remortgage, move home, experience income changes, or struggle financially. MRT2 ensures advisers understand mortgage implications beyond the initial sale.
What CeMAP 2 does and does not do
CeMAP 2 does:
- build mortgage-specific knowledge
- support suitable mortgage recommendations
- explain mortgage risks and responsibilities
CeMAP 2 does not:
- authorise advisers to give advice on its own
- replace supervised workplace training
- remove the need to work under an FCA-authorised firm
Why CeMAP 2 exists
CeMAP 2 exists to protect consumers and support competent mortgage advice.
Mortgages are long-term financial commitments. Errors can have serious consequences. CeMAP 2 ensures advisers understand how mortgages work, how products differ, and how advice decisions affect clients over time.
CeMAP 2 (MRT) Frequently Asked Questions
What is CeMAP 2?
CeMAP 2 is the mortgage module of the Certificate in Mortgage Advice and Practice. It covers mortgage law, practice, application, mortgage products, and post-completion issues.
What do MRT1 and MRT2 stand for?
- MRT1 stands for Mortgage law, practice and application
- MRT2 stands for Mortgage products and post completion
How many exams are in CeMAP 2?
There are two exams: one for MRT1 and one for MRT2. Both must be passed to complete CeMAP 2.
How many questions are in each exam?
- MRT1: 50 multiple-choice questions
- MRT2: 40 multiple-choice questions
Are there any case studies in CeMAP 2?
No. CeMAP 2 exams consist only of standalone multiple-choice questions.
Does passing CeMAP 2 allow you to give mortgage advice?
No. Advisers must also complete CeMAP 1 and CeMAP 3 and work under a firm authorised by the Financial Conduct Authority.
Looking for training support?
We offer CeMAP training for learners working towards a career in mortgage advice. Our courses follow the London Institute of Banking & Finance syllabus and are designed to support understanding of mortgage regulation and advice requirements.
Explore our accredited CeMAP training courses
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