CeMAP Module 3 (ASEW) study plan
CeMAP Module 3 (ASEW) · Give each week a clear focus.
8 weeks · About 6 hours per week
Mortgage advice process and client interaction (fact-finding, affordability, suitability)
Explain the six stages of the mortgage advice process and the adviser's responsibilities at each stage.
Demonstrate a structured fact-find covering income, expenditure, assets, liabilities, and future plans.
Calculate affordability using income multiples and stressed expenditure, and interpret the results.
Identify the information needed to assess suitability and document a suitability rationale.
Your checkpoint
Completed a full mock fact-find and affordability calculation for a sample client, with a one-page suitability justification.
Mortgage advice process and client interaction (fact-finding, affordability, suitability) & Mortgage products, rates, fees and repayment structures
Compare fixed, tracker, discounted, capped, and variable rate products on cost and risk.
Explain repayment, interest-only, and part-and-part structures and their suitability conditions.
Break down mortgage fees (arrangement, booking, valuation, legal, early repayment charges) and their impact.
Analyse how rate changes affect monthly payments and total cost over the term.
Your checkpoint
Produced a product comparison table for three mortgage scenarios, showing monthly payments, total cost, and fee impact.
Regulation, conduct rules and consumer protection (FCA, MCOB, TCF, complaints and redress)
Map the FCA's mortgage conduct rules (MCOB) to the advice process and disclosure requirements.
Explain the Treating Customers Fairly outcomes and how they apply to mortgage advice.
Outline the complaints handling process, including time limits and redress routes.
Describe the role of the Financial Ombudsman Service and the Financial Services Compensation Scheme.
Your checkpoint
Written a one-page summary of MCOB disclosure requirements and a complaint-handling flowchart.
Protection and general insurance linked to mortgage advice
Identify the main protection products linked to mortgages (term assurance, critical illness, income protection, buildings and contents).
Explain the suitability factors for each protection type and common exclusions.
Calculate a basic protection need using income replacement and outstanding mortgage balance.
Describe how protection advice is regulated and documented alongside mortgage advice.
Your checkpoint
Completed a protection needs analysis for a sample client, recommending products with justification.
Property, legal and taxation aspects of mortgage advice
Explain the main property legal processes (searches, exchange, completion) and the adviser's role.
Outline the taxation aspects relevant to mortgage advice: stamp duty land tax, capital gains tax, and income tax on rental income.
Describe property valuation methods and their use in lending decisions.
Identify common legal issues affecting mortgage advice, such as leasehold restrictions and title defects.
Your checkpoint
Created a property transaction timeline and a tax fact sheet covering SDLT, CGT, and rental income.
Specialist lending and later-life mortgages (buy-to-let, equity release, shared ownership)
Compare buy-to-let lending criteria, stress tests, and rental yield calculations.
Explain equity release products (lifetime mortgages, home reversion) and their safeguards.
Describe shared ownership and shared equity schemes, including eligibility and affordability.
Evaluate the risks and suitability considerations for specialist lending and later-life mortgages.
Your checkpoint
Produced a comparison of buy-to-let, equity release, and shared ownership products with suitability criteria.
Anti-money laundering, financial crime and data protection & Case-study application and professional judgement
Apply anti-money laundering requirements, including customer due diligence and suspicious activity reporting.
Explain data protection principles under GDPR and their application to client data.
Work through case studies integrating fact-find, product selection, and regulatory considerations.
Demonstrate professional judgement in complex scenarios, documenting decisions and rationale.
Your checkpoint
Completed two case-study exercises with written recommendations and compliance checks.
Mortgage advice process and client interaction (fact-finding, affordability, suitability) & Mortgage products, rates, fees and repayment structures & Protection and general insurance linked to mortgage advice & Regulation, conduct rules and consumer protection (FCA, MCOB, TCF, complaints and redress) & Anti-money laundering, financial crime and data protection & Property, legal and taxation aspects of mortgage advice & Specialist lending and later-life mortgages (buy-to-let, equity release, shared ownership) & Case-study application and professional judgement
Review all domains using a weighted revision plan based on exam weighting.
Complete a full mock exam under timed conditions and review incorrect answers.
Consolidate key facts, formulas, and regulatory rules into a concise revision sheet.
Identify remaining weak areas and create a final revision checklist.
Your checkpoint
Achieved at least 70% on a full mock exam and produced a one-page personal revision sheet.
Milestones
Week 2: Can explain the advice process and compare mortgage products without notes.
Week 4: Can outline MCOB disclosure rules and complete a protection needs analysis.
Week 6: Can explain property legal processes, tax implications, and specialist lending criteria.
Week 8: Scored 70% or above on a timed mock exam covering all domains.