CeMAP Module 2 case studies

CeMAP Module 2 · Put your knowledge to work in context.

CeMAP Module 2 - also referred to as the Mortgages module of the Certificate in Mortgage Advice and Practice - is the second of the three units that make up the CeMAP qualification, the benchmark entry-level credential for anyone wishing to give regulated mortgage advice in the United Kingdom. Module 1 establishes the financial-services regulatory environment; Module 2 is where that framework is applied to mortgage business itself, and Module 3 (assessment of professional competence) tests the applied advisory skills built on the first two. The CeMAP Module 2 case studies are 5 cases and about 3,676 words.

The brother in the flat: regulated or not?

Dan and Priya, a married couple, apply through a two-adviser firm for a £310,000 first-charge loan on a two-bedroom flat in Leeds. They will keep living in the house they own in York.

735 words, about 4 min 2

Interest-only at 58 with a shortfall looming

Mrs Okafor is 58 and has an interest-only mortgage of £180,000 with seven years remaining at 5.49%. She wants to remortgage to a five-year fix and keep the whole loan interest-only.

778 words, about 4 min 3

A sole trader's declining profits and a 30-year term

Mr Iqbal is 51 and a sole trader, applying for £210,000 over 30 years to buy a £260,000 house. His accounts show net profit of £52,000 in the year to April 2023 and £38,000 in the year to April 2024; his accountant projects £36,000 for 2025.

692 words, about 3 min 4

Short lease, doubling ground rent and a downvaluation

Ms Latif has agreed to buy a one-bedroom flat for £185,000 with a 10% deposit. The flat is leasehold with 71 years unexpired, ground rent of £250 a year doubling every 10 years, and the freeholder is a company registered in Cyprus that has not replied to requests for a deed of variation.

687 words, about 3 min 5

Arrears, a premature possession claim and a £50 fee

Mr and Mrs Ahmed are five months in arrears - £6,400 on a £142,000 repayment mortgage. Mr Ahmed's overtime ceased in January.

784 words, about 4 min