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United Kingdom · Qualification

CeMAP practice questions, with answers

Here are 20 free CeMAP practice questions we wrote, spread across the five unit exams in the Certificate in Mortgage Advice and Practice (CeMAP). Each has one correct answer and a short explanation. The real exams are longer and set by the London Institute of Banking & Finance (LIBF): FRE1, FRE2 and MRT2 have 40 questions each, MRT1 has 50, and CeMAP 3 has 60 linked to six case studies. Use these as a quick check, not a mock exam.

  • 20Practice questions on this page
  • 5Unit exams they cover
  • 14Right answers for 70%
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Updated October 2026 · Written from official sources, listed at the bottom of this page

Question 1 of 20

A customer keeps £20,000 in a savings account paying 2% a year, while prices rise by 4% a year. Which risk does this show?

20 practice questions in the style of the exam.

How to use these 20 questions

Questions 1 to 6 are CeMAP 1: risk, Bank Rate and the advice process from FRE1, then legislation, joint ownership and ethics from FRE2. Questions 7 to 14 are CeMAP 2, with four on MRT1 (loan-to-value, valuations, higher lending charges and auctions) and four on MRT2 (interest-only, trackers, offset and further advances). Questions 15 to 19 are short customer cases in the style of CeMAP 3, and question 20 is on the FCA’s competence rule for advisers.

Aim for 14 right, which is 70%. That’s the share LIBF asks for to pass each unit exam, so it’s a fair target, though our questions aren’t LIBF’s.

What each CeMAP unit covers →

Where can you find more CeMAP practice questions?

LIBF includes one Practice Exam for each unit with your registration, and sells extra Practice Exams and a Revision Tool. Those come from the body that sets the real exams, so try them under timed conditions before you sit each unit.

LIBF’s CeMAP mock exams →CeMAP training options →
Sources: LIBF and 1 more. Checked October 2026.

Rules and fees can change, so check the official site before your test.

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