Part A of the syllabus for Cemap paper three and the bridge paper is entitled Advising Mortgage Clients and, unsurprisingly, candidates score relatively well in most parts of this section. This is probably for two main reasons.
First, much of this subject area is covered in the earlier parts of the Institute of Financial Services' study manual. Students are therefore more likely to have studied the material in detail before study fatigue sets in.
Second, an experienced mortgage adviser may have rather more chance of answering some of the questions in this section on the basis of their experience in the industry than is the case for some other parts of the syllabus including, for example, post-completion matters.
However, students should remember that experience alone will not ensure a pass, even in the section dealing with giving advice to mortgage clients. If students place too much trust in their own knowledge and experience, they may well be tempted to skim or skip completely some areas of the syllabus in the belief that they already know and understand the contents. This belief can sometimes be mistaken and could be costly in the examination.
Experience as a mortgage adviser is helpful but, without a structured programme of study, the chances of passing the Cemap examinations are, to say the least, limited.