Checked against April 2026 specification · 8 August 2026
FRE1 vs FRE2 — and where MRT1/MRT2 fit
CeMAP has five mandatory units across three modules. FRE1 and FRE2 make up FSRE; MRT1 and MRT2 make up MORT; ASEW/ASSC is the synoptic mortgage-advice assessment.
| Unit | Published name | Core focus |
|---|---|---|
| FRE1 | Industry, Regulation & Key Parties | The financial-services environment, government and markets, legal principles, regulation and key parties. |
| FRE2 | Skills, Principles & Ethical Behaviours | The advice process, consumer rights and ethical outcomes, the regulatory advice framework and professional ethics. |
| MRT1 | Mortgage Law, Practice & Application | Regulatory definitions, buying property, borrowers, MCOB responsibilities, affordability/suitability, security, fees, defects, valuations and mortgage practice. |
| MRT2 | Mortgage Products & Post Completion | Raising additional money, transferring/amending mortgages, mortgage products and post-completion issues. |
| ASEW/ASSC | Assessment of Mortgage Advice Knowledge | Synoptic case-study assessment drawing mainly on MORT, with FSRE fundamentals plus additional protection and adviser soft skills. |
Can you study them in any order?
Yes. Walbrook explicitly says learners can study flexibly. Its suggested pathway is FRE1 → MRT1 → FRE2 → MRT2 → ASEW/ASSC, with the synoptic assessment suggested last.
Why the distinction matters
Older CeMAP material can map topics differently. For the current structure, mortgage products, affordability and mortgage practice should not be presented as the definition of FRE2. FRE2 is the skills, principles and ethical-behaviour unit.
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