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CeMAP 2 – Free Mock

CeMAP 2 – Free Mock

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25 minutes - your mock starts now.

25 minutes - your mock starts now.


CeMAP 2 - Free Mock

CeMAP 2 - The Certificate in Mortgage Advice and Practice - Mortgages. CeMAP 2 is assessed as a two hour online multiple choice exam with 100 questions split into 4 units. The pass mark is 70% per unit. Try our free taster mock.

1 / 20

1. Which of the following alterations is LEAST likely to require Local Authority planning consent?

2 / 20

2. If two people own a property as joint tenants and one dies, the property will automatically:

3 / 20

3. A residential mortgage taken out by a borrower to purchase their first home was recommended in July 2004. How is the administration of the mortgage treated under the Mortgage Conduct of Business Rules?

4 / 20

4. Sylvie is self-employed and runs her own design business. She is a cautious investor. Which form of protection is likely to be most suitable for her capital repayment mortgage in the event of death?

5 / 20

5. What is the purpose of MPPI with redundancy cover?

6 / 20

6. If the supply of housing outstrips the demand, what will happen to house prices?

7 / 20

7. Carl and Donna both started the same type of mortgage with the same lender on the same day, and both had the same loan-to-value ratio. Why was Donna offered a higher “cashback” than Carl?

8 / 20

8. In which situation would the 3% surcharge be payable on a second property?

9 / 20

9. What is the usual Waiver of premium (WOP) deferral period for insurance policies?

10 / 20

10. Peter’s mortgage offer contains a specific condition requiring certain repairs to be done within 3 months of completion. What would this mean?

11 / 20

11. The 3 principle Land Law Acts of 1925 states the following, except:

12 / 20

12. Which mortgage interest rate option protects borrowers against rising rates, albeit temporally?

13 / 20

13. How often will a LIBOR tracker mortgage rate likely change?

14 / 20

14. Kiko’s house is valued at £200,000. Her original loan was £150,000 and she requests a further advance of £30,000. If the lender normally requires a HLC for advances in excess of 80% LTV, with a charge of 7%, how much is the HLC cost?

15 / 20

15. In a transaction one of the parties is called the “mortgagee”. That party is which of the following?

16 / 20

16. Karen defaulted on her mortgage and following repossession, the amount owed to the lender is £6,500. If payment from a mortgage indemnity policy reduces the outstanding debt to £3,000 the insurer can sue Karen for:

17 / 20

17. Which of the following would not render a guarantee invalid?

18 / 20

18. Hiro is self-employed and has submitted his accounts in conjunction with a mortgage application. Which figure will be used by the lender?

19 / 20

19. A full with profit endowment mortgage guarantees the borrower:

20 / 20

20. The lender, when selling a repossessed property, has an obligation to:

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