CeMAP Exam Questions Explained

Exam-style CeMAP questions with the answer, a full worked explanation and the mistake candidates actually make. Pick your module, then a topic. For a mixed set, try the free sample questions or the free mock.

CeMAP FRE1 questions

15 worked questions across 5 topics

UK Financial Services, the Economy & the Bank of England

Two bonds mature in five years: a gilt yielding 4.2% and a bond issued by a small, highly indebted company yielding 9.5%. Why is the company bond's yield so much higher?
What is quantitative easing (QE)?
Mrs Okafor is worried that inflation will erode a lump sum she is investing for income. Which government security is designed to protect against this?

The Retail Consumer: Needs, Priorities & Products

Legal Concepts: Contract, Agency, Property, Insolvency, Wills & Trusts

How UK Regulation Developed & the Regulatory Framework

The FCA, PRA & the FCA Handbook

CeMAP FRE2 questions

16 worked questions across 6 topics

Advice Skills: Fact-Finding to Recommendation

Principles for Businesses, Consumer Duty & Conduct Rules

Money Laundering, Proceeds of Crime & Data Protection

Complaints, the FOS, the FSCS & Conduct Risk

The Advice Framework: Clients, Disclosure, Charging & Vulnerability

Ethics, Professional Standards & CPD

CeMAP MRT1 questions

15 worked questions across 6 topics

Regulated Mortgage Contracts, Borrower Types & MCOB Roles

The Property Market, Interest Rates & the Lending Sector

Affordability, Suitability, Risk & Mortgage Term

Additional Security, Fees, Charges & Purchase Taxes

Property Defects, Tenure & What Affects Value

Valuations, Surveys & Buying at Auction

CeMAP MRT2 questions

15 worked questions across 6 topics

Further Advances, Remortgages, Second Charge & Bridging

Transfers, Porting, Overpayments & Redemption

Debt Consolidation

Arrears, Shortfalls & Lender Remedies

Repayment Methods & Interest Rate Options

Specialist Products, Schemes & Islamic Finance

Build a daily practice habit — a few exam-style questions a day, with worked answers. Free to start.

Start practising →

Independent practice material mapped to the published CeMAP learning outcomes. Not endorsed by Walbrook (formerly LIBF).