MRT2 Mock Paper 5 — Mortgage Products & Post-Completion
The hardest MRT2 mock, weighted to arrears, forbearance and shortfalls, with cost-comparison calculations and redemption timing. 40 marks in 60 timed minutes.
- 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 5
This is mock paper 5 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 5 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 5 break down across 14 topic areas:
- Arrears & possession7 questions
- Product types6 questions
- Costs & comparison4 questions
- Further borrowing4 questions
- Repayment methods4 questions
- Insurance3 questions
- Post-completion changes3 questions
- Post-completion issues2 questions
- Remortgage & retention2 questions
- Bridging & short-term1 question
- Later-life lending1 question
- Product suitability1 question
- Redemption1 question
- Shared ownership1 question
Try two questions from MRT2 Mock Paper 5
These come from the free preview of this paper. Answer them, then reveal the explanation.
Repayment methods
A borrower pays £900 per month on an interest-only mortgage charged at 6% per annum. The outstanding loan is:
- A£180,000
- B£90,000
- C£150,000
- D£216,000
Reveal the answer
A is correct. Annual interest is £900 × 12 = £10,800; dividing by the 6% rate gives £10,800 ÷ 0.06 = £180,000. Because the payment is pure interest, loan size can always be reverse-engineered this way — £150,000 would imply a 7.2% rate, not 6%.
Repayment methods
On a with-profits endowment, the key difference between reversionary and terminal bonuses is that reversionary bonuses:
- AAre guaranteed at outset for the whole term
- BAre paid out in cash to the policyholder each year, because annual bonuses must be distributed rather than retained within the policy
- CAre only added in the final year
- DOnce added, cannot be taken away if the policy is held to maturity, whereas the terminal bonus is not guaranteed until it is paid
Reveal the answer
D is correct. Reversionary (annual) bonuses lock in progressively — the smoothing mechanism's ratchet — though early surrender can forfeit value. The terminal bonus, often a large slice of the final payout, remains at the insurer's discretion until maturity, which is why projections are not promises.
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.