CeMAP Module 2 study plan

Map the statutory and regulatory architecture governing mortgage business (FSMA, FCA, PRA, plus the Ombudsman and compensation safety nets) into a single annotated diagram

Outline the authorisation and permission routes that a firm and an individual adviser must hold before giving regulated mortgage advice

Describe the structure of the FCA mortgage conduct rules and locate which chapter governs disclosure, affordability, arrears and charges

Distinguish the Principles for Businesses from the detailed conduct rules and give one mortgage scenario illustrating each relevant Principle

Explain how supervision works in practice, from information requests and skilled-person reviews through to enforcement action

Summarise complaints handling, root-cause reporting and referral to the Ombudsman by working through a client complaint scenario end to end

Explain how affordability is assessed, covering income verification, expenditure analysis, committed expenditure, stress testing and the responsible lending duty

Compare income and evidence requirements for employed, self-employed, contract and retired applicants

Distinguish credit scoring from the affordability assessment and identify where vulnerability and treating customers fairly change the outcome

Identify the record-keeping and disclosure obligations that attach to the advice and application stages

Rank the main mortgage product families by risk to borrower and lender, justifying each position

Contrast repayment, interest-only and part-and-part methods by computing the total cost of an identical loan under each

Explain the mechanics of fixed, tracker, discounted and capped rates, including early repayment charges, overpayment limits and portability

Describe the main shared-equity, shared-ownership, right-to-buy and guarantor arrangements and state the eligibility constraints that limit them

Calculate LTV, loan-to-income and affordability surplus for three sample cases and identify which transaction taxes apply and where to verify current rates

Match client circumstances to suitable product and repayment structures, writing a documented rationale for each recommendation

Distinguish product transfers, further advances, remortgages and new purchases and explain how each is processed and underwritten

Explain how interest-only lending is treated within the affordability assessment and what repayment vehicle evidence is required

Diagnose why an application would be declined or referred, and state what additional information would resolve it

Diagram the legal estates and interests in land and distinguish registered from unregistered title

Compare joint tenancy and tenancy in common, setting out the consequences for survivorship, insolvency and inheritance

Outline the conveyancing process from instruction to completion, naming what happens at search, enquiry, exchange and completion

Identify when additional reports are needed (flood, mining, environmental, cladding) and who commissions and pays for them

Explain leasehold mechanics including term, ground rent, service charges, forfeiture and the statutory protections available to leaseholders

Describe how a valuer selects between comparable, investment and depreciated replacement approaches, and explain what a mortgage valuation does and does not do

Explain the lender's security and title requirements and how defects are reported back and resolved

Outline the arrears journey from first missed payment, including early contact, forbearance options and the fair treatment overlay

List the pre-action steps a lender must complete before seeking possession, and the defences and options available to the borrower

Explain how arrears are capitalised and how a suspended possession order differs from an outright one

Distinguish forbearance options (term extension, switch to interest-only, payment arrangement, arrears capitalisation) by suitability, cost and long-term effect

Explain sale-and-rent-back and assisted-sale routes and the consumer protections around them

Re-state the disclosure, record-keeping and reporting obligations that continue to apply once a case falls into arrears

Analyse case studies where a lender's arrears handling engaged both the conduct rules and the fair treatment principles

Identify the escalation points at which a case should be referred internally or to an external dispute body

Compile a weak-area register from all prior deliverables and re-test each weak area until it clears 80%

Complete two full timed mocks under exam conditions without notes

Recall from memory the key definitions, thresholds and timelines for every domain using spaced-repetition cards

Rehearse exam technique on scenario-based questions, practising elimination and flagging of uncertain items