CeMAP is awarded by the London Institute of Banking & Finance (LIBF) and is the most widely held entry-level qualification for mortgage advisers in the UK. Passing it is what most firms require before you can advise clients on residential mortgages — it's the practical equivalent of a licence to practice in this field.
CeMAP was restructured for 2025/26. The old single UK Financial Regulation (UKFR) unit was replaced with a two-part Financial Services, Regulation and Ethics (FSRE) module — the same module LIBF uses in its Diploma for Financial Advisers (DipFA) — sitting alongside the mortgage-specific unit:
| Unit | Covers | Format |
|---|---|---|
| FRE1 | Industry, Regulation and Key Parties | 25 MCQs + 3 case studies (5 questions each), 1 hour, 70% pass mark |
| FRE2 | Skills, Principles and Ethical Behaviours | 25 MCQs + 3 case studies (5 questions each), 1 hour, 70% pass mark |
| MRT1 | Mortgage Law, Practice and Application | 50 MCQs, 1 hour, 70% pass mark |
The biggest practical change is the case studies: instead of only standalone questions, FRE1 and FRE2 now include short client scenarios with five linked questions each — you need to read and interpret a situation, not just recall a fact.
All CeMAP exams moved to LIBF's Brightspace platform with remote invigilation, replacing the previous Pearson VUE test-centre model. If you already held passes under the old format, those were automatically carried over to the new FRE1/FRE2/MRT1 structure on 13 January 2026 — the old-format exam could last be sat on 12 January 2026.
Practice questions across FRE1, FRE2 and MRT1, built around the new case-study format. The full CeMAP course is coming soon — the free practice set is live now.
Try free practice →The UK's standard entry qualification for mortgage advisers, awarded by LIBF.
UKFR was replaced by the two-part FSRE module (FRE1, FRE2), each now including scenario-based case studies, alongside the mortgage-specific MRT1 unit. Exams moved to Brightspace with remote invigilation.
Three units — FRE1, FRE2, MRT1 — each with a 70% pass mark and roughly a one-hour limit.
No. The old format closed on 12 January 2026; all sittings now use the new FRE1/FRE2/MRT1 structure.
This is general educational information, not regulatory or careers advice. Module structure and exam details summarized from LIBF's published CeMAP updates and third-party exam-prep guides current as of August 2026. For the authoritative syllabus and booking details, check directly with LIBF.