MRT2 Mock Paper 4 — Mortgage Products & Post-Completion
Harder MRT2 practice on product suitability, APRC and fee comparison, bridging finance and the possession and shortfall regime. 40 questions, 28 to pass.
- Questions
- 40
- Minutes
- 60
- Pass (70%)
- 28/40
Sit it timed
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.