Everything you need to know about the CeMAP and FSRE exam structure — units, question types, time limits, pass marks, and how marks are awarded. Updated for the September 2025 specification.
Answer 4 questions and get your readiness score, pass probability and the exact topics to study first.
Take the free assessment →CeMAP (Certificate in Mortgage Advice and Practice) is the primary mortgage adviser qualification in the UK. It is awarded by the London Institute of Banking & Finance (LIBF) and administered through Walbrook Institute London. Passing CeMAP meets the FCA's competency requirements for advising on regulated mortgage contracts.
From September 2025, CeMAP is structured as the Financial Services, Regulation & Ethics (FSRE) qualification for Modules 1 and 2, plus Mortgage Advice and Practice units for Modules 2 and 3. The exam format below reflects the current specification.
| Unit | Questions | Time | Pass mark | Format |
|---|---|---|---|---|
| FRE1 — Industry, Regulation & Key Parties | 50 MCQ | 60 min | 70% (35/50) | Standalone MCQ |
| FRE2 — Products, Finance & Advice | 50 MCQ | 60 min | 70% (35/50) | MCQ + linked case studies |
| Unit | Questions | Time | Pass mark | Format |
|---|---|---|---|---|
| MRT1 — Mortgage Law & Practice | 50 MCQ | 60 min | 70% | Standalone MCQ |
| MRT2 — Mortgage Products & Advice | 50 MCQ + case study | 75 min | 70% | MCQ + linked case study |
| ASEW/ASSC — Assessment | Portfolio / exam | Varies | Pass | Suitability report |
A single question with four answer options (A–D). Only one answer is correct. These test knowledge recall and understanding of regulatory rules, definitions, and processes.
A short client scenario followed by 2–4 questions that all relate to that scenario. These test your ability to apply knowledge to a real-world mortgage advice situation — the type of question that catches candidates who only memorised facts.
Each unit is graded on a percentage basis:
You do not need a merit or distinction to qualify as a mortgage adviser — a pass in each unit is sufficient. However, some employers use the grade as a signal of thoroughness.
CeMAP exams are sat at approved Pearson VUE test centres across the UK, or via remote proctoring. You book through Walbrook Institute London after registering. There is no fixed exam timetable — you can sit when you feel ready.
Answer 4 questions and get your readiness score, pass probability and the exact topics to study first.
Take the free assessment →