Brand new recording. Immediate Streamed Access. £34.99, including VAT at 20%
Towards the end of 2023 and into 2024, Paul podcasted weekly to summarise the CeMAP Two exam. Each podcast saw Paul talking through key aspects of the exam in a lively style, using examples and contemporary issues to illustrate. The sessions involved questions from a live audience.
Collectively, the set comprises 18 episodes, roughly 40 minutes each. You can, therefore, spend over 12 hours listening to the topics rather than reading the textbook. Multi-task at your leisure, walking the dog or at the gym.
You can stream the audio from any device, and our app for your phone provides easy online access to the material.
We've made this new product available on our Learning Management System to purchase for £34.99 for 12 months' access. That's just under £3 for one hour of CeMAP from an industry expert with 40 years of experience.
The CeMAP 2 Podcast Series
FREE PREVIEW1. The UK Mortgage Marketplace and Mortgages
2. Types of Borrowers, Mortgage Regulation, Other Legal Aspects
3. Mortgage Conduct of Business Rules - Part 1 - Overview plus MCOBs 3 and 4
4. Mortgage Conduct of Business Rules - Part 2 - MCOBs 6, 7, 11 and 13
5. Legal Aspects of Property and Ownership
FREE PREVIEW6. Buying a Property and Conveyancing Aspects
7. Assessing the Mortgage Applicant and Additional Security
8. Property Defects, Assessing the Property and Surveys
9. Mortgage Protection - State Welfare Benefits
10. Customer Protection Needs and Mortgage Life Assurance
11. Income Protection Insurance
12. Critical Illness Insurance
13. General Insurance Protection Plans
14. Factfinding and Quantifying Needs
15. Mortgage Repayment Methods and Repayment Vehicles
16. Mortgage Products
FREE PREVIEW17. Raising Capital and Equity, Arrears and Possessions
18. Calculations used in CeMAP 2
1. The UK Mortgage Marketplace, Definitions and Types of Mortgage. Paul spends 44 minutes chatting with you about the UK mortgage market to start your studies. Beginning with defining what a mortgage is legally speaking, then onto a snapshot of the residential mortgage market since the 1980s. Then Paul describes the mortgage marketplace – the players, lenders, brokers – with a session on how mortgages are funded. A quick review of the financial crash and its causes finishes with a look at how brokers operate in the market—finally, a study and a forecast on the property and mortgage markets and where they might be going.
2. Types of Borrowers, Mortgage Regulation, Other Legal Aspects. Paul speaks for 37 minutes on types of borrowers that may approach you and those that are ineligible that you may struggle to arrange mortgages. Then, he launches into mortgage regulation with an overview of MCOBs and an introduction to how mortgages were regulated from 2004 onwards. Miscellaneous laws that affect the mortgage market are then discussed, with a few being a summary because you would have covered them in CeMAP 1.
3. Mortgage Conduct of Business Rules - Part 1 - Overview plus MCOBs 3 and 4. Paul recorded some livestreams during the summer on all of the MCOBs in detail. So you could enjoy them as podcasts, he made the recordings available here as audio. If you want to see the videos, YouTube is your destination www.paularcher.tv. This recording covers an overview plus MCOBs 3 and
4. Mortgage Conduct of Business Rules - Part 2 - MCOBs 6, 7, 11 and 13. Paul continues his livestreams, but this time, deep diving into MCOBS 6, 7, 11 and 13. These are important and cover disclosure from lenders, responsible lending, arrears, and repossessions. As you know, the MCOBs affect the lending and advice risks equally. If you want to see the videos, YouTube is your destination www.paularcher.tv
5. Legal Aspects of Property and Ownership. Paul spends 45 minutes discussing the various forms and intricacies of property ownership in the UK. We have varying property laws north and south of the border, so Paul describes them all. Property tenure, covenants, titles, and land registry are all dissected, and the relevance to lending is highlighted each time. After all, you're not training to be a property lawyer; you want to become a professional mortgage broker and adviser. Understanding property law will allow you to talk to your client confidently, knowing how ownership affects mortgage ability.
6. Buying a Property and Conveyancing Aspects. Paul spends around 38 minutes chatting about buying and selling property in the UK. He refers mainly to England and Wales law but mentions the Scots process, too. The conveyancing process, auctions, estate agents and mortgage brokers. The solicitor's role, especially with searches and contracts, is covered. Fees in buying and selling are emphasised, and we finish with the mortgage offer and deed conditions.
7. Assessing the Mortgage Applicant and Additional Security. Paul spends 36 minutes chatting through how we assess a mortgage applicant for a mortgage—looking at types of income, affordability guidelines and credit scoring—a mention of DIPs, capacity reports and CCJs. Finally, Paul discusses additional security by summarising the old Higher Lending Charges and how the mortgage lending market has moved on with self-insuring and government guarantee assistance. Guarantors finish off the session.
8. Property Defects, Assessing the Property and Surveys. For 40 minutes, Paul takes time to chat through the vital role the mortgage adviser must fulfil before submitting the mortgage application. That is to determine whether the property will be suitable security for a mortgage and whether the lender's criteria accept the property. All should be fine once the green light has been given for submitting an application. Paul then chats through the various survey options and the survey results. So he'll look at surveys, reports, the condition of the property, retentions and undertakings and the other specialist reports often needed.
9. Mortgage Protection - State Welfare Benefits. Touched upon in CeMAP 1, so you will recall some of these. Suppose you've forgotten, or your CeMAP 1 was taken long ago. In that case, Paul talks about the significant benefits advisers should know.
10. Customer Protection Needs and Mortgage Life Assurance. Paul talks about mortgage protection for around 30 minutes in this podcast episode. Starting with a "warm up" on needs and consequences of not protecting, a glance at life stages and priorities. Then, it's a deep dive into the types of mortgage life protection plans - term assurances. A look at relevant life assurance plans for your limited company directors and, finally, a reminder of the need for trusts and how to put them together with customers.
11. Income Protection Insurance. Paul's favourite product and one that you should advise all your clients to take out. Income Protection Insurance, also known as PHI or simply income protection, has a myriad of features and conditions which will be tested in the new unit. Paul discusses them all with you.
12. Critical Illness Insurance. Critical Illness is examined in this podcast episode. We have plenty of features for such a small product, and Paul will explore them with you today.
13. General Insurance Protection Plans. GI or General Insurance forms a significant part of the product inventory that mortgage and protection advisers have. PPI and ASU are familiar acronyms, and building insurance and contents also fall under the GI title. Paul explores them to prepare you for the exam.
14. Factfinding and Quantifying Needs. A bonus podcast today with Paul running through factfinding as a concept emphasising exploring the client's protection needs. Paul also tackles how to quantify the need, i.e. determining how much coverage they need.
15. Mortgage Repayment Methods and Repayment Vehicles. Paul spends 47 minutes in the studio discussing mortgage methods and those detailed repayment vehicles. Since Paul was a mortgage-based financial adviser during the '80s and '90s, he knows more than the textbooks to give you some historical background. It is fascinating and helps you understand how they work and why they were so popular. There is a lot of detail on guaranteed sums, bonuses and qualifying rules. Add endowment shortfalls into the mix and their eventual demise; you can see where interest-only mortgages are headed. ISAs and Pension vehicles are also covered and revised from your CeMAP 1. Paul finishes by explaining how interest-only mortgages figure in the advice armoury of modern advisers and how you can repay the outstanding debt.
16. Mortgage Products. Paul narrates mortgage products for you today over a 48-minute podcast. Nowadays, there are dozens of iterations of product types, such as fixed, buy-to-let and trackers. Mix this with newer models, such as sole proprietorship and guarantor, and you have an interesting podcast that'll keep you posted on all product offerings and some legacy ones. The market constantly evolves, and the textbook can't always keep up, so Paul also highlights some key initiatives.
17. Raising Capital and Equity, Arrears and Possessions. Paul spends a whole hour, but remember you can pause and listen in stages, talking about raising capital, mortgage arrears, and repossessions. Raising capital is a vast subject area and a massive space for all mortgage brokers who spend more time on this than helping people raise finances to buy a property. Clients with existing homes under mortgage wanting to raise capital is the objective. There are plenty of options for further advances, bridging, second charges, transfer of equity, and equity release, and Paul takes you through them all. Other subjects in the last part of the syllabus include transfer of equity, redemption and assisting borrowers in arrears. Much to help you with unit 6 of CeMAP 2.
18. Calculations used in CeMAP 2. Paul has a bonus today: a run-through of the various calculations that will hit you in CeMAP 2 and CeMAP 3. We've discussed them in previous episodes, but we thought it worthwhile to summarise them all. So calculators at the ready.
