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What is CeMAP?

Working in the sales and financial sectors continues to be a solid choice for career changers in the UK, and Mortgage Advice remains one of the most desirable job roles in this field.

In this article, we review what CeMAP is and show you how you can train towards a career as a Mortgage Adviser.

What is CeMAP?

CeMAP, or the Certificate in Mortgage Advice and Practice, is the industry standard training certificate for those looking to become Mortgage Advisers in the UK. 

Due to the nature of house buying in the UK, as well as the constant demand for help from professionals with mortgage advice, the demand for Mortgage Advisers is consistent, making it a great career path to train towards. 

As property is considered a stable long-term investment (and with homeownership interest peaking in the UK), now is a great time to train to become a Mortgage Adviser. 

Read more: How to become a Mortgage Adviser 

Where can a CeMAP certification lead?

Earning your Certificate in Mortgage Advice and Practice, can open the doors to a variety of sales, finance, and support roles, including: 

Mortgage Adviser – The most popular career route after earning a CeMAP. Your main responsibility as a Mortgage Adviser is to provide your new and existing clients with sound mortgage advice, regarding everything pertaining to mortgage loans. 

Private Banking Assistant – As a Private Banking Assistant, you will assist customers with a range of financial transactions, including applications for loans and mortgages. Private Banking Assistants can expect to earn as much as £33k per annum. 

Relationship Support Assistant – Relationship Support Assistants provide support to high-value clients and are often employed by banks to assist relations with these large clients. Relationship Support Assistants can earn around £33k with experience.  

Protection Adviser – Protection Advisers are qualified professionals who aid customers by discussing insurance options that could benefit them, including life insurance, critical illness cover, home insurance and other insurance options. Protection Advisers often work on commission and can earn around £50k per annum.  

Business Owner – After a successful career as a Mortgage Adviser, you may consider starting your own mortgage advice company, which can be a highly lucrative decision. Many mortgage advice business owners can expect to earn over £55k.  

Read more: Our CeMAP training courses

What is the average CeMAP qualified salary?

So how much could you realistically earn as a Mortgage Adviser in the UK? The average salary is around £30,000 per annum, and you will also earn a competitive commission from the sales you make. Like many sales-related jobs, commission plays a big role in your monthly/ annual take-home salary. The more deals you close, the more money you will make. There are some fantastic closers in this industry that will be making close to £100,000, but we have outlined some realistic average salaries below.

With experience and commission added, you could comfortably earn more than £50,000 per annum. This would likely also include a car allowance, laptop, phone and so on. 

When you have a few years’ experience, you could consider a career in management, which would further boost your earning potential. 

Typical salaries by job title:

  • Mortgage Adviser – £26,000 base, £35,000+ OTE.
  • Private Banking Assistant – Up to £33,000. 
  • Relationship Support Assistant – Up to £33,000 (with experience).  
  • Protection Adviser – Up to £50,000.  
  • Business Owner – In excess of £55,000.  

(Source: PayScale) 

What is the cost of taking a CeMAP qualification?

Check our website for the latest pricing, however, at the time of writing, our CeMAP training courses are available at the below prices*.

Virtual Classroom Training

Online Training

*Prices are subject to change. Please check our website for the latest prices.

How long does it take to complete a CeMAP course?

We offer two study options for our CeMAP training courses:  

Individuals looking to study online in their own time, will choose the online study option, where we will give you 24/7 access to your course materials for 6 months.  

Those looking to be trained by a qualified CeMAP Trainer, in a more traditional classroom setting (virtually), can choose our Virtual Classroom training option, where your training session will span 9 days. The schedule for this training course has been outlined below, and we run many training sessions throughout the year.  

  • Week One – CeMAP Module 1 (5 days: Monday to Friday)
  • Week Two – CeMAP Modules 2 & 3 (4 days: Monday to Thursday)

What exams are involved?

For your CeMAP Module 1 exam, you will sit a 2-hour objective exam, which is made up of 100 multiple-choice questions.

Your exam for CeMAP Module 1 will test your knowledge of:

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

CeMAP Module 2 is a 2-hour objective exam, comprising 100 multiple-choice questions.

Your exam for CeMAP Module 2 will test your knowledge of:

  • 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

CeMAP Module 3 exam is also a 2-hour exam, comprising 6 case studies. Each case study will have 10 linked multiple-choice questions you need to answer.

Your exam for CeMAP Module 3 will test your knowledge of:

  • Unit 7 – Assessment of Mortgage Advice and Knowledge

All CeMAP exams can now be taken online. Register with the London Institute of Banking & Finance to take your exams. The exams (including registration fees) are not included in the cost of your course. There is an exam fee of £190 per module (£570 for all three) and you can apply to take your exam anytime throughout the year, including via a test centre or remote invigilation online. The cost of a re-sit exam is £160 per exam.

Read more: Our CeMAP exam tips

Are you ready to start your CeMAP training? Even if you need more information before deciding, our Mortgage Advice Course Consultants are on hand to talk you through the best options for your career goals. Contact us today on +44 (0) 20 3198 7700 to get started. Alternatively, fill out our contact form and one of our team will be in touch shortly.

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