CeMAP Module 2: Mortgage Law & Products
What's actually tested, topic by topic.
What is CeMAP Module 2 about?
CeMAP Module 2 (Mortgage Law & Products) moves from regulation into the mortgages themselves — product types, the legal side of property ownership, and the real costs involved in a purchase.
What topics are covered in CeMAP Module 2?
Four topics: Mortgage Products, Mortgage Law & Ownership, Costs & Fees, and Alternative Products.
What mortgage products does CeMAP Module 2 cover?
The different mortgage types and how they compare — repayment vs interest-only, fixed vs variable/tracker rates, and the features, risks and suitability considerations attached to each. This is the core product knowledge you'll draw on throughout the rest of the qualification.
What mortgage law topics are tested in CeMAP Module 2?
Property law as it relates to mortgages — types of ownership (joint tenants vs tenants in common), leasehold vs freehold, the conveyancing process, and the legal charges a lender takes over a property. Expect precise legal distinctions to be tested, not general awareness.
What costs and fees are covered in CeMAP Module 2?
The costs involved in buying a property and taking out a mortgage — arrangement fees, valuation fees, Stamp Duty Land Tax (SDLT) including the higher rates on additional properties, and other charges a client needs to budget for. Numeric thresholds here do change over time, so always sanity-check current rates against HMRC/gov.uk when it matters in real practice.
What alternative mortgage products does CeMAP Module 2 cover?
Mortgage arrangements outside the mainstream repayment/interest-only model — equity release, Islamic (Sharia-compliant) home finance, Right to Buy, shared ownership, and similar schemes, along with the specific considerations each brings for advice.
Practice Module 2 questions on these exact topics, free.
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