Our CeMAP® programme consists of the Financial Services, Regulations and Ethics (FSRE) qualification, plus units 3-7 of the Certificate in Mortgage Advice and Practice (CeMAP®). The FRSE replaces units 1 and 2 of the CeMAP®.
Financial Services, Regulations and Ethics (FRSE) - learning outcomes
On completing this unit, you will understand:
- the UK financial services industry, in its European and global context
- how the retail consumer is served by the financial services industry
- the regulation of financial services
- the Financial Conduct Authority’s responsibilities and approach to regulation
- the principles and rules as set out in the regulatory framework
- the legal concepts relevant to financial advice
- the different types of risk and how they relate to institutions and individuals
- the skills required when advising clients
- the Financial Conduct Authority’s principles based approach to promote ethical behaviour
- the Code of Ethics and professional standards
- the differences between ethical and unethical behaviour.
CeMAP® Unit 3
On completing this unit, you will:
- know the regulatory definition of different types of mortgages, Buy to Let mortgages, Consumer Buy to Let mortgages, second charges and equity release
- know the house-buying process, the key parties involved and their roles
- know the process and implications of buying property at auction
- know the common types of borrower and how their main mortgage related requirements may differ and what factors may disqualify people from borrowing
- understand the main requirements of the Mortgage Conduct of Business Rules and the legislation affecting mortgages
- understand the economic and regulatory context for giving mortgage advice.
CeMAP® Unit 4
On completing this unit, you will:
- understand the role of a mortgage adviser
- understand the purpose of additional security, including the role of guarantors
- understand the fees and charges involved in arranging a mortgage
- know the principal types of property defect that surveys can identify and understand their implications when seeking a mortgage
- understand the principal factors affecting the value of property
- understand the different forms of valuation and survey
- understand the need to obtain Local Authority planning consent for house development/extensions.
CeMAP® Unit 5
On completing this unit, you will understand:
- the key features of the different types of mortgage repayment options and their benefits and drawbacks for different types of borrower
- the key features of the different types of mortgage product and interest rate options
- the main features and functions of different forms of life assurance and other insurances.
CeMAP® Unit 6
On completing this unit, you will understand:
- the principles and procedures associated with raising additional money and the circumstances when further borrowing might be appropriate
- the principles, procedures and costs of transferring mortgages
- the principles of using mortgages within debt consolidation arrangements
- the implications for the borrower of the non-payment of mortgages, other breaches of the Mortgage Deed, non-payment of building insurance and the options available
- the legal rights and remedies available to lenders in respect of non-payment from borrowers
- the main provisions made by the State to assist consumers in difficulties over the repayment of mortgages.
CeMAP® Unit 7
On completing this qualification, you will understand how to:
- analyse consumers’ circumstances and suitable mortgage solutions taking account of any existing arrangements
- apply suitable mortgage solutions to specific consumers’ circumstances.
