CeMAP Module 2: Mortgages
The MRT1 and MRT2 exams, from LIBF's official syllabus.
What is CeMAP Module 2?
Module 2 is Mortgages (MORT). It's assessed in two separate exams: MRT1 (Mortgage Law, Practice and Application) and MRT2 (Mortgage Products and Post Completion).
What is the MRT1 and MRT2 exam format?
MRT1 is a 1-hour exam of 50 standalone multiple-choice questions; you need 35/50 (70%) to pass. MRT2 is a 1-hour exam of 40 standalone multiple-choice questions; you need 28/40 (70%) to pass. For both, 80% is a merit and 90% a distinction.
What does MRT1 cover?
The regulatory and legal definitions of mortgages, including regulated second charge loans; buying at auction; types of borrower and who may struggle to borrow or cannot borrow; the lender's and adviser's responsibilities under MCOB; the property market, interest rates and the lending sector, including buy-to-let and consumer buy-to-let; affordability, suitability and verifying information; guarantors and other additional security; the fees and charges of buying and borrowing; property defects, valuation and surveys; and the legal and physical factors that affect a property's value.
What does MRT2 cover?
Raising more money (further advances, remortgages, second charge loans, bridging finance and further drawdown on lifetime mortgages); transferring, porting and redeeming mortgages, overpayments and transfers of equity; debt consolidation; arrears, lenders' remedies on default and the MCOB rules on treating borrowers in arrears; and the features of different mortgage types: repayment methods, interest rate types, specialist products, government schemes, shared ownership and Islamic home finance.
How does CeMAP Ready's Module 2 practice fit the syllabus?
Our study questions are grouped into our own topics. Mock exams only use questions we've matched to the MRT1 or MRT2 syllabus, and both MRT1 and MRT2 mocks follow the real format: the same number of questions, time limit and pass mark.
Source: LIBF CeMAP Qualification Specification (v12, Sept 2025). Always check LIBF's latest specification before your exam.
Practise Module 2 questions, free.
Start Module 2 practice