Everything you need to know about the CeMAP and FSRE exam structure — units, question types, time limits, pass marks, and how marks are awarded. Updated for the September 2025 specification.
Answer 4 questions and get your readiness score, pass probability and the exact topics to study first.
Take the free assessment →CeMAP (Certificate in Mortgage Advice and Practice) is the primary mortgage adviser qualification in the UK. It is awarded by Walbrook Institute London (formerly the London Institute of Banking & Finance, LIBF). Passing CeMAP meets the FCA's competency requirements for advising on regulated mortgage contracts.
Since September 2025, CeMAP has been structured as the Financial Services, Regulation & Ethics (FSRE) qualification for Module 1, plus Mortgage Advice and Practice units for Modules 2 and 3. The exam format below reflects the current specification.
| Unit | Questions | Time | Pass mark | Format |
|---|---|---|---|---|
| FRE1 — Industry, Regulation & Key Parties | 25 MCQ + 3 case studies (5 Qs each) = 40 marks | 60 min | 70% (28/40) | Standalone MCQ + linked case studies |
| FRE2 — Skills, Principles & Ethical Behaviours | 25 MCQ + 3 case studies (5 Qs each) = 40 marks | 60 min | 70% (28/40) | Standalone MCQ + linked case studies |
| Unit | Questions | Time | Pass mark | Format |
|---|---|---|---|---|
| MRT1 — Mortgage Law, Practice & Application | 50 MCQ | 60 min | 70% (35/50) | Standalone MCQ |
| MRT2 — Mortgage Products & Post-Completion | 40 MCQ | 60 min | 70% (28/40) | Standalone MCQ |
| ASEW/ASSC — Assessment of Mortgage Advice Knowledge | 6 case studies (10 Qs each) = 60 marks | 120 min | 70% (42/60) | Linked case studies only |
A single question with four answer options (A–D). Only one answer is correct. These test knowledge recall and understanding of regulatory rules, definitions, and processes.
A short client scenario followed by a set of questions that all relate to that scenario — 5 questions per case in FRE1 and FRE2, 10 per case in the ASEW/ASSC synoptic assessment. These test your ability to apply knowledge to a real-world mortgage advice situation — the type of question that catches candidates who only memorised facts.
Each unit is graded on a percentage basis. See CeMAP pass marks explained for the full breakdown.
You do not need a merit or distinction to qualify as a mortgage adviser — a pass in each unit is sufficient. However, some employers use the grade as a signal of thoroughness.
Since 13 January 2026, every CeMAP exam has been sat online via Brightspace with remote invigilation — Pearson VUE test centres are no longer used. You book through Walbrook Institute London, sit the exam on your own device under webcam supervision, and get provisional results immediately on submission. There is no fixed exam timetable — you can sit when you feel ready.
Answer 4 questions and get your readiness score, pass probability and the exact topics to study first.
Take the free assessment →FRE1, FRE2 and MRT2 each have 40 total marks. MRT1 has 50 standalone MCQs. ASEW/ASSC has 60 questions across 6 case studies.
Since 13 January 2026, every CeMAP exam is sat online via Brightspace with remote invigilation. Pearson VUE test centres are no longer used.
70% on every unit — 28/40 on FRE1, FRE2 or MRT2, 35/50 on MRT1, or 42/60 on ASEW/ASSC.