CeMAP courses compared

Everyone who sits CeMAP pays Walbrook Institute London (formerly LIBF, the London Institute of Banking & Finance) to register, and that fee already includes the study texts and a practice exam for each unit. Everything else, from a £198 online course to a £3,295 three-day class, is optional and paid on top. Here's what each kind of help adds, with prices from the providers' own pages.

From Walbrook's CeMAP page and each provider's own page, linked in the tables. We have no arrangement with any provider here. Checked 6 November 2026.

What Walbrook's fee already gets you

The full qualification is £735, or £810 if you buy the three modules separately. That includes:

Walbrook also sells extras: a revision tool (£180 for all three modules), revision videos (£125 per module group), extra practice exams (£25 a unit) and three months of tutor support. A resit costs £120 a unit.

Paid courses, side by side

Prices change and offers come and go; check the provider's page before you buy. None of these includes Walbrook's registration fee.

Free practice

Walbrook's own papers. The specimen and practice exam for each unit come with your registration, so use them first: they're the closest thing to the real paper.

Our FRE1 mocks. Two full timed papers in the 2025 format, marked by learning outcome, free with no account. They cover FRE1 only so far, and they're in beta: the questions haven't yet been checked by a CeMAP holder.

CeMAP Practice. Free full papers for some units using the new codes, with £29.99 to unlock the rest.

Flashcard decks and older question banks are worth a look for vocabulary, but many still follow CeMAP 1, 2 and 3, so check a question against the current unit before you trust it.

When an employer pays

The Mortgage Adviser apprenticeship from Walbrook, launched in August 2026, is a 15-month Level 3 programme that includes CeMAP. Eligible employers can fund up to 100% of it from the apprenticeship levy.

Trainee adviser schemes at some brokers pay for CeMAP while you train, such as Haysto's graduate academy. If you're applying for adviser roles anyway, ask whether the firm funds it before paying yourself.

Which to pick

Self-motivated and on a budget: Walbrook's materials, its practice papers and free mocks for timing. Spend money only if a mock shows a unit you can't get on top of.

Want structure but study alone: a self-paced online course with plenty of mocks, checked for the 2025 unit codes.

Learn best from a person: a live virtual class, or Walbrook's tutor support, which is far cheaper than a full classroom course.

Whichever you choose, practise case studies. They carry 30 of the 80 marks across FRE1 and FRE2 and all 60 in the final unit; our case-study guide shows how to work through them.

Questions

Do I have to take a course to pass CeMAP?
No. Walbrook's £735 registration includes the study texts, a specimen exam and a practice exam for every unit, and your first sitting of each. Plenty of candidates pass on that alone. A paid course adds teaching, more practice questions or a tutor; whether that's worth it depends on how you learn and how much time you have.
Is there a cheaper alternative to a CeMAP course if I'm self-studying with the LIBF materials?
Yes. LIBF is now Walbrook Institute London, and its £735 registration already gives you the study texts plus a specimen and a practice exam for each unit. Add timed mocks for exam practice: Walbrook sells extra practice exams at £25 a unit, our two FRE1 mocks are free, and online question banks run from free to about £30. A full course only adds teaching and a tutor, at £198 to £3,295.
Is the Walbrook fee included in course prices?
Not in any of the courses on this page, as far as their pages say. You register and pay Walbrook separately, so a course's price is on top of the £735.
How do I know a course covers the 2025 CeMAP?
Look for the unit codes: FRE1, FRE2, MRT1, MRT2 and ASEW or ASSC. A course that only talks about CeMAP 1, 2 and 3, or about units 1 to 7, may still be teaching the structure that was replaced on 30 September 2025. The syllabus content overlaps a lot, but the exam format and case-study weighting changed.
Can my employer pay for CeMAP?
Often. Since August 2026 there's a Level 3 Mortgage Adviser apprenticeship from Walbrook that includes CeMAP, with up to 100% of the cost funded through the apprenticeship levy for eligible employers. Some brokers also fund CeMAP for trainee advisers they hire.

See where you stand

The free FRE1 mock is laid out like the real paper: 40 questions, 3 case studies, one hour, and your marks by learning outcome at the end.

Start the mock