CeMAP® revision app for iPhone and Android
More than 2,000 exam-style questions for the current Walbrook syllabus, on your phone wherever you are. Every answer is explained and your mistakes are drilled until you get them right, with progress you can track. Unlock with a single payment and no subscription.
Coming soon to iPhone and Android.
Answer: A
The PRA, part of the Bank of England, supervises banks, building societies, credit unions, insurers and major investment firms, ensuring they hold sufficient capital and have adequate risk controls. Mortgage intermediaries and advisers are regulated by the FCA only.
Answer: B
The table in COBS 15.2.1R gives a cancellation period of 30 calendar days for life and pension contracts (including life policies, pension annuities, personal pension schemes and stakeholder pension schemes), and 14 calendar days for most other contracts such as cash deposit ISAs and units in a regulated collective investment scheme.
Source: FCA Handbook COBS 15.2.1R (cancellation periods table)
Answer: C
At an unconditional (traditional) auction, contracts are exchanged on the fall of the auctioneer's hammer, whether the auction is held in person or online. The successful bidder is then legally bound to buy and must complete within the period set in the conditions of sale, normally between four and six weeks after the auction (or 20 business days under the Common Auction Conditions), so finance and legal checks must be in place before bidding.
Source: RICS consumer guide: Property auctions, unconditional auctions (p. 5)
Answer: A
The charge is 3% of the amount repaid: £180,000 x 3% = £5,400. FCA rules require any ERC to be expressible as a cash value and to be a reasonable pre-estimate of the lender's costs of early repayment, which is why lenders show it as a cash amount in the illustration.
From the free taster set in the app.
More than 2,000 questions, including 26 case studies, written for the current syllabus rather than the old CeMAP 1, 2 and 3.
One question at a time, by unit or across all of them, with the answer, a plain-English explanation and its source.
Full-length papers for each unit at real exam length and timing, scored at the real 70% pass mark.
Client scenarios with linked questions, as in the ASEW paper, plus Scottish (ASSC) cases.
A revisit list of everything you got wrong and your accuracy by topic, so you know where to spend your time.
Rules change and revision notes go out of date, but not with CeMAP Trainer. Every question is linked to a primary public source.
Example explanation
MCOB 11.6.2R(1)(a) requires a firm, before entering into or agreeing to vary a regulated mortgage contract, to assess whether the customer (and any guarantor) will be able to pay the sums due.
Source: FCA Handbook MCOB 11.6.2R (the assessment of affordability)
Since September 2025, CeMAP is five units grouped into three modules. Each unit is scored separately and needs 70% to pass. FRE1 and FRE2 make up Module 1 (FSRE), MRT1 and MRT2 make up Module 2 (MORT), and ASEW is Module 3. Candidates in Scotland sit ASSC instead of ASEW.
| Unit | Covers | Exam | Pass mark |
|---|---|---|---|
| FRE1 | Industry, regulation and key parties | 40 questions | 28 (70%) |
| FRE2 | Skills, principles and ethical behaviours | 40 questions | 28 (70%) |
| MRT1 | Mortgage law, practice and application | 50 questions | 35 (70%) |
| MRT2 | Mortgage products and post completion | 40 questions | 28 (70%) |
| ASEW | Assessment of mortgage advice knowledge (case studies) | 6 cases, 60 questions | 42 (70%) |
CeMAP Trainer is an independent study aid and is not affiliated with or endorsed by Walbrook Institute London or LIBF, the awarding body for CeMAP. The questions are written from public sources such as the FCA Handbook and legislation.gov.uk, not from official course materials or past papers.
Yes. The app is written for the current five-unit version introduced in 2025: FRE1, FRE2, MRT1, MRT2 and the ASEW case-study paper, with Scottish ASSC cases as well.
If your course materials still talk about CeMAP 1 (UK Financial Regulation, or UKFR), CeMAP 2 and CeMAP 3, those are the older structure. Check which version you are registered for before you start revising.
70% in each unit. Units are marked separately, so a strong result in one cannot make up for a weak one in another. The app's mock exams use the same rule and show you a result for each unit.
A free taster set of questions from each unit and one full case study, with no time limit. Unlocking everything is a single in-app payment. There is no subscription and there are no adverts.
Everything works offline once installed. There is no account and no tracking: your answers and progress are stored only on your phone. Read the privacy policy for details.
Yes, on any phone or tablet signed in to the same Apple or Google account. Use Restore purchase in the app's settings. Purchases cannot move between an iPhone and an Android phone, because Apple and Google handle them separately.
Tap Report a problem with this question under the answer in the app, or email [email protected] with the question. Every report is checked against the source and fixed in the next update if needed.
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