The Cost of Getting CeMAP Qualified in 2024
Obtaining your Certificate in Mortgage Advice and Practice (CeMAP) qualification involves several costs, including exam fees, course fees, and potential additional expenses. Here’s a comprehensive breakdown of the costs involved in obtaining your CeMAP qualification in 2024.
CeMAP Exam Costs
The CeMAP qualification consists of three modules, each with its own exam. The cost for each module exam is £215, making the total exam cost £645. If you need to retake any module, the resit fee is typically the same amount per module.
Cost of CeMAP Courses
- Online Courses (E-Learning Companies)
- Typical Cost: Around £198 for a comprehensive online course that includes training materials, mock exams, and tutor support.
- Example: uAcademy offers an online CeMAP course for £198, which includes structured study materials and support.
- Online Courses (Colleges/Universities)
- Typical Cost: Costs can vary widely but generally range from £500 to £1000 depending on the institution and course structure.
- Example: Open Study College offers CeMAP 1, 2, and 3 courses for approximately £649.
- In-Person College Courses
- Typical Cost: Higher due to the inclusion of physical resources and face-to-face teaching.
- Example: East Coast College offers CeMAP training for £535 to £575 per module. Additionally, Dumfries and Galloway College lists courses costing around £190 per module plus additional registration fees.
- Apprenticeships
- Cost: Often subsidised by the government or employer, making it a more cost-effective route, though it combines practical work experience with study and may take longer to complete.
CeMAP Diploma Cost
After completing the CeMAP qualification, pursuing the CeMAP Diploma for more advanced mortgage advice knowledge typically costs around £500 to £1000, depending on the provider.
Free Study Options
While it’s theoretically possible to study for CeMAP using the provided textbooks from the awarding body and free courses online, this option lacks the comprehensive structured support and additional learning materials provided by paid courses. The minimum cost, therefore, is the £645 exam fee which includes the necessary textbooks.
Additional Costs
- Study Materials: Additional materials such as mock exams, revision tools, and tuition videos can add to the overall cost.
- Travel and Accommodation: For in-person courses, you may need to factor in travel, accommodation, and food expenses.
Are There Any Free or Subsidized Options?
- Government Grants: Occasionally, government grants or employer sponsorships may be available to cover some or all of the costs.
- Employer Sponsorship: Some employers may cover the cost of CeMAP training and exams as part of their employee development programs.
Summary of Costs
- Exam Fees: £645 for all three modules
- Online Course (E-Learning): Approximately £198 (uAcademy) to £649
- Online Course (Colleges/Universities): £500 to £1000
- In-Person College Courses: £535 to £575 per module
- CeMAP Diploma: £500 to £1000
