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CeMAP VIP Certification Practice Exam
CeMAP — The Certificate in Mortgage Advice and Practice (CeMAP) is issued by the London Institute of Banking & Finance (LIBF) and is the primary UK qualification for mortgage advisers; it comprises three modules (CeMAP 1: UK Financial Regulation, CeMAP 2: Mortgages, CeMAP 3: Case Study Assessment), each sat separately with 100 multiple-choice questions (CeMAP 1 & 2) or six case studies (CeMAP 3), a 2-hour time limit per module, and a 70% pass mark.
29
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 29👑 VIP
A first-time buyer approaches you seeking mortgage advice. She earns £38,000 per year basic salary and receives a regular annual bonus of £6,000, which her employer confirms has been paid for the last three consecutive years. Under the Mortgage Conduct of Business (MCOB) affordability rules introduced following the Mortgage Market Review (MMR), which of the following best describes how the lender must treat her bonus income?
Questions 2–29 and full explanations are VIP-exclusive.