MRT2 Mock Paper 4 — Mortgage Products & Post-CompletionHarder
Harder MRT2 practice on product suitability, APRC and fee comparison, bridging finance and the possession and shortfall regime. 40 questions, 28 to pass.
Ready when you are
The timer starts when you press the button. You can still finish after it runs out — it is there to mimic exam pressure, not to lock you out.
Free preview: the first 5 of 40 questions, with a timer to match. Unlock the full paper
Answer options are shuffled on every attempt. Your progress is saved as you go, so a refresh won't lose it.
About MRT2 Mock Paper 4
This is mock paper 4 of 5 for MRT2, the Mortgage Products & Post-Completion unit of CeMAP. The 5 papers in this unit run easier → harder so you can build up to exam standard rather than being thrown in at the deep end. This one sits in the harder tier: it is deliberately pitched above the live exam, so passing it means you should clear the real thing with room to spare.
Every question carries a written explanation, so a wrong answer tells you which rule you have misread instead of just costing you a mark. Questions are original, written against the 2025/26 five-unit CeMAP syllabus, and cover the material the way the examiner tests it — precise recall where recall is tested, and judgement where the paper wants judgement.
Format, timing and pass mark
MRT2 Mock Paper 4 follows the live MRT2 format: 40 standalone questions, in 60 minutes — about 90 seconds a question. Pass mark 28/40 (70%), as in the real assessment. There is no negative marking, so answer everything.
What this paper tests
The 40 questions in MRT2 Mock Paper 4 break down across 14 topic areas:
- Arrears & possession6 questions
- Further borrowing4 questions
- Product suitability4 questions
- Product types4 questions
- Repayment methods4 questions
- Costs & comparison3 questions
- Insurance3 questions
- Bridging & short-term2 questions
- Post-completion changes2 questions
- Redemption2 questions
- Remortgage & retention2 questions
- Shared ownership2 questions
- Later-life lending1 question
- Post-completion issues1 question
Try two questions from MRT2 Mock Paper 4
These come from the free preview of this paper. Answer them, then reveal the explanation.
Repayment methods
The monthly payment on a £150,000 interest-only mortgage charged at 4.8% per annum is:
- A£500
- B£720
- C£7,200
- D£600
Reveal the answer
D is correct. Annual interest is £150,000 × 4.8% = £7,200; divided by 12 that is £600 per month, with no capital element. £7,200 is the annual figure, £720 misplaces a decimal, and £500 assumes a 4% rate.
Repayment methods
Ten years into a 25-year repayment mortgage, a borrower is surprised their balance has fallen by much less than ten twenty-fifths of the original loan. The explanation is that:
- AThe lender has been misallocating their payments, since a level-payment mortgage must reduce the capital by an equal amount every month
- BInterest is only charged in the first half of the term
- CThe balance never falls until the final five years
- DCapital repayment is weighted to later years — early payments are mostly interest on the then-large balance
Reveal the answer
D is correct. Amortisation is not linear: with a level payment, the interest share is biggest when the balance is biggest, leaving little for capital early on. The curve steepens later — perfectly normal, and worth explaining to clients before they see their first annual statement.
Scored under 70%? Revise these next
A near miss is almost always a calculation you cannot do under time pressure, a definition you half-know, or a rule you have never read in the examiner's words. Start with the topic areas above where you dropped marks, then:
- →Drill the calculations on the CeMAP formula sheet — LTV, income multiples, SDLT, APRC, ERCs and rental cover, each worked through.
- →Nail the terminology in the CeMAP glossary — a surprising share of wrong answers are a term you nearly knew.
- →Re-read the syllabus coverage on the MRT2 exam guide, then sit the next paper in the ramp.
The other MRT2 mock papers
5 timed mocks for this unit, running easier → harder. Sitting the whole ramp is what moves a borderline score to a comfortable pass.