MRT1: Mortgage Law, Practice and Application
470 questionsMRT1 is the largest unit in CeMAP, covering 15 topics across mortgage law, the house buying process, FCA MCOB rules, property valuation, land law, conveyancing, and regulatory requirements for mortgage advice. With 100 questions in the exam, this is the most demanding unit and requires thorough preparation across all topics.
Topics
- Legal and Regulatory Framework of Mortgages
- The House Buying Process
- FCA Mortgage Conduct Rules (MCOB)
- Responsibilities of Mortgage Advisers
- Lender Assessment of Applicants
- Property Valuation and Surveys
- Property Defects
- Borrower Types
- Mortgage Applications and Processing
- Land Law and Property Ownership
- Conveyancing Process
- Professional Parties Involved in Transactions
- Affordability Assessments
- Regulatory Requirements for Mortgage Advice
- Record-Keeping and Documentation
Related Articles
Frequently Asked Questions
How many questions are in the MRT1 exam?
MRT1 has 100 multiple-choice questions. You need to score 70% (70 out of 100) to pass.
What conveyancing topics are covered in MRT1?
MRT1 covers the full conveyancing process including searches, exchange of contracts, completion, land registration, and the roles of solicitors and licensed conveyancers.
Is MRT1 the hardest CeMAP unit?
MRT1 is generally considered the most challenging unit due to the number of topics (15) and the 100-question exam. Topics like conveyancing and land law require detailed knowledge.