CeMAP ASEW: Assessment of Mortgage Advice Knowledge
The final case-study exam, from LIBF's official syllabus.
What is the CeMAP ASEW exam?
ASEW (Assessment of Mortgage Advice Knowledge) is CeMAP's synoptic final exam. It mainly tests the mortgage knowledge from MRT1 and MRT2, applied to client situations, together with the fundamentals from FSRE, mortgage protection, and adviser skills. LIBF suggests taking it last.
What is the ASEW exam format?
A 2-hour exam made up of 6 case studies, each with 10 linked multiple-choice questions: 60 questions in total. You need 42/60 (70%) to pass, 48/60 for a merit and 54/60 for a distinction.
What does ASEW cover?
Analysing mortgage solutions for different customers' circumstances; specialist lending, including buy-to-let, second charge, bridging, self-build, second homes and auction purchases; the rules in MCOB, ICOBS (for mortgage-related insurance) and the Consumer Credit Acts; ethical, sustainable advice; mortgage protection and state benefits; and the house-buying process and related law, for either England and Wales or Scotland.
How does CeMAP Ready help with ASEW?
Our Module 3 study questions practise applying knowledge to client situations: affordability, protection, vulnerable clients and complex cases. There's also an ASEW mock exam in the real format: 6 case studies of 10 questions, in 2 hours, with the same pass, merit and distinction marks.
Source: LIBF CeMAP Qualification Specification (v12, Sept 2025). Always check LIBF's latest specification before your exam.
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