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CEMAP 1 – Unit 1 Introduction

Objectives   CEMAP 1 – Unit is and Introduction to FINANCIAL SERVICES. By the end of this unit you will be having a good understanding of the following: INTRODUCTION   Financial firms such as Banks, Insurance companies, wealth managements services are...

Getting Started

Getting Started Introduction to Property Development   What is Property Development? The dictionary defines it as: “The process of buying, improving and selling land or building.” Property development has been making news in the UK for many years. There are more...

Unit 6 – Introduction

Unit 6 - Introduction Introduction Unit 6 is a crucial unit as it discusses post-completion issues including mortgage arrears. The unit will explore possible scenarios that clients may face and solutions. It discusses the arrears stage and the rights that the customer...

Unit 5 – Introduction

Unit 5 - Introduction Introduction Unit 5 will discuss product availability, mortgages and essential insurance. This unit contains vital information that mortgage advisor should possess to become successful.  As a mortgage advisor, you should have an expertise in the...

Unit 4 – Introduction

Unit 4 - Introduction Introduction Unit 4 will explore the MCOB rules and the mortgage application process. Ethical advice will be discussed.  The unit will focus on the best-suited products for the customer and how the product recommended shouldn’t be...

Unit 3 – Introduction

Unit 3 - Introduction Introduction CeMAP Module 1 explored the significance of the markets, covering an entire array of products including regulation. CeMAP Module 2 will focus on home loans explicitly and will take a look at the sales process in line with matters...

Unit 2 – Introduction

Unit 2 - Introduction Introduction Unit 1 explored how individuals require access to financial products daily. The deficit sector has access to funds by borrowing, and the product providers make profits. Financial products also give individuals the ability to protect...

Unit 1 – Introduction

Unit 1 - Introduction Objectives CeMAP Module 1 is the introduction to Financial Services and by the end of this unit you should have a good understanding of the following: Introduction Financial firms such as Banks, insurance companies, wealth management services are...

Example Case Study Q&A – Part 2

Michael and Lora are married couple and blessed with two children Peter is thirteen years of age; Paul is nine years. Their property ownership is as joint tenants which are worth £300,000 using interest-only. The mortgage has the support of ISA, including Cheshunt...

Example Case Study Q&A – Part 1

Michael and Lora are married couple and blessed with two children—Peter is thirteen years of age; Paul is nine years. Their property ownership is as joint tenants which are worth £300,000 using interest-only. The mortgage has the support of ISA, including Cheshunt...

Example Case Study

Michael and Lora are married couple and blessed with two children—Peter is thirteen years of age; Paul is nine years. Their property ownership is as joint tenants which are worth £300,000 using interest-only. The mortgage has the support of ISA, including Cheshunt...

Assessment of Mortgage Advice Knowledge

CeMAP ® 3 testing is done differently to CeMAP ® 1 and 2—though slightly. The exam is dependent on 6 case studies that have ten multiple choice questions— consist of 60 questions. They are based on certain details as contained within each case study. The exam is fixed...

Business Standards

The third section of the FCA handbook involves the rules on how firms and advisers should conduct their business with their customers.The FCA is responsible of all firms and how they conduct their business in relation to selling financial products, financial...

Business Standards

The third section of the FCA handbook involves the rules on how firms and advisers should conduct their business with their customers. The Business Standards are divided into sub sections based on the regulated product and the type of advice involved. Firms that offer...

Legal Remedies on Default

Unit 6: Arrears and repossessions Legal Remedies on Default  Contained in the Law of Property Act 1925 is the remedies that a lender can undertake in repossessing a property when a borrower does not meet up with the payment terms. These rules are not applicable...

State Assistance on Mortgage Arrears

Unit 6: Arrears and Repossessions State Assistance on Mortgage Arrears Support from Mortgage Interest (SMI)  Payment of mortgage interest (all or some) will come from the support of the Mortgage Interest if the claimant has certain benefits entitled to them. SMI...
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