CeMAP's unit naming trips people up, especially after past syllabus changes. Here's exactly what each unit covers, in plain terms, so you're revising the right thing.
| Unit | Full name | What it covers |
|---|---|---|
| FRE1 | Industry, Regulation & Key Parties | Financial markets, the role of government and the economy, the regulatory structure (FCA/PRA/Bank of England), and the key parties operating in UK financial services |
| FRE2 | Skills, Principles & Ethical Behaviours | The advice process itself, consumer rights and fair/ethical outcomes, professional standards, and the practical skills of giving regulated advice |
In short: FRE1 is "the system you operate in" (regulation, markets, structure) and FRE2 is "how you operate within it" (advice skills, ethics, professional conduct). Both feed directly into the mortgage units — you can't give good mortgage advice without understanding the regulatory backdrop (FRE1) or the advice process itself (FRE2).
| Unit | Full name | What it covers |
|---|---|---|
| MRT1 | Mortgage Law, Practice & Application | The legal and procedural side of arranging a mortgage — property law, the application process, valuations, surveys, and the conveyancing chain |
| MRT2 | Mortgage Products & Post-Completion | Mortgage product types (fixed, tracker, discounted, lifetime, buy-to-let and more), plus what happens after completion — arrears, further advances, life events and product switching |
Put simply: MRT1 is "getting the mortgage in place" and MRT2 is "the products themselves, and what happens next."
They're designed to be studied in any order, but conceptually FRE1/FRE2 (Module 1) underpin everything — the regulation and advice-process knowledge from Module 1 applies directly when you're studying the mortgage-specific content in Module 2. Many candidates find it easier to do FSRE first for that reason, even though it isn't required.
Answer 4 questions and get your readiness score, pass probability and the exact topics to study first.
Take the free assessment →FRE1 covers "Industry, Regulation & Key Parties" — the financial services industry, economic environment, and regulatory framework. FRE2 covers "Skills, Principles & Ethical Behaviours" — the advice process, consumer rights, ethics and professional standards.
MRT1 covers "Mortgage Law, Practice & Application" — legal and procedural aspects of arranging a mortgage. MRT2 covers "Mortgage Products & Post-Completion" — product types and what happens after a mortgage completes.
No. CeMAP units can be passed in any order — there's no requirement to sit FRE1 before FRE2, or MRT1 before MRT2.