There has undoubtedly been much negative press on some of the poorly devised products from the past such as Shared Appreciation Mortgages (SAM’s) and Home Income Plans.. The pass mark is 70% per unit. Equity release schemes provide a lump sum or a regular income that can make a big difference to people’s lives. for me, this is where the Brand material brings enormous value: summary study notes,example calculations and practice questions all focussed on one thing that's important - getting a pass mark! Equity Release Course costs £250 + VAT. The Certificate in Regulated Equity Release (CeRER®) is an FCA-approved RQF level 3 qualification specific to the UK.. The material helped me pass J10 and AF4 first time with very little time to study. Equity release is the generic term that applies to wide range of products targeted at older borrowers such as lifetime mortgages, home income plans, cash plans, capital drawdown schemes and open‐ ended mortgages. Is there a minimum property value? Equity Release Questions – Answered. "The Brand training material certainly helps you to focus on the key information required and get straight to the salient facts. There are also other types of equity release schemes available on the market but these two are the most common equity release examples in the UK. Equity release is also the generic term for home reversion plans. Test yourself in your knowledge of basic finance concepts and equity release schemes. Download 2019/20 syllabus (PDF) Download 2019/20 exam guide (PDF) Not sure where to begin with equity release schemes? This is part 2 of the quiz. I will continue to use the learning resources and would recommend them without hesitation. Canada Life Equity Release Exam Workshop Canada Life Home Finance has announced its first series of workshops in 2020, for advisers who are looking to become equity-release qualified. What is an Equity Release Scheme? U2.3 Role of equity release as part of overall retirement planning U2.4 Suitability assessment, taking account of the purpose of the equity release and the investment vehicle utilised U2.5 Rationale for the ‘suitability’ of equity release where used/ part-used to raise … You can unsubscribe from our emails at any time. Study for a Certificate in Regulated Equity Release (CeRER) with The London Institute of Banking & Finance to ensure you are giving your customers the best advice about equity release. If you’re considering a lifetime mortgage, what is the interest rate? We use cookies on all our websites to gather anonymous data to improve your experience of our websites and serve relevant ads that may be of interest to you. it is inexpensive, yet provides enormous value in terms of time saved and results obtained. "I have just passed my exam first time, once again, relying mainly on your study notes. To find out more, visit the CII's official website on the Certificate in Equity Release View - Certificate in Equity Release. Start studying REVIEW QUESTIONS FOR NY REAL ESTATE EXAM. Upcoming dates: Wednesday 20th to Thursday 21st November 2019. These gilt “yields” have dropped since the Bank of England (BoE) started printing £375bn of “quantitative easing”, to fuel the economy during the 2008 recession. The objective of this unit is to develop an understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers. ", CII ER1 Equity Release Mock Exam Questions, 3 full sets of 75 questions and answers including 5 case studies to purchase, All answers include cross references to the relevant CII study text, All questions and answers kept up-to-date to reflect changes to the exam syllabus and tax year, Written for essential exam practice, but are not duplicates of the CII’s mock papers, Download them instantly in PDF format and print as required, Client Support, W Denis Financial Services, Leeds, Training & Compliance Manager, Gibbs Denley Financial Services Ltd, Cambridge, Pannells Financial Planning Ltd, Birmingham, Financial Adviser, Hargreaves Lansdown Advisory Services, Bristol, By The Team at Brand Financial Training on December 29, 2020, By The Team at Brand Financial Training on December 22, 2020, CII AF6 Senior management and supervision, CII CF1 UK financial services regulation and ethics, CII FA5 Individual savings account administration, CII IF4 Insurance Claims Handling Process, CII J03 The Tax and Legal Aspects of Business, CII J07 Supervision in a Regulated Environment, CII J10 Discretionary Investment Management, CII LP1 Life and Pensions Customer Operations, CII LP2 Financial Services Products and Solutions, CII LP3 Life and Pensions Principles and Practices, CII R01 Financial Services, Regulation and Ethics, CII Advanced Diploma in Financial Planning, CII Award in Life and Pensions Foundations, CII Certificate in Advanced Mortgage Advice, CII Certificate in Discretionary Investment Management, CII Certificate in Pension Transfer Advice, CII Certificate in Regulated Financial Services Operations, CII Certificate in Securities Advice and Dealing, CII Diploma in Regulated Financial Planning, Find out more about how our site works and how we put you in control – cookie policy, We will follow up with you to see if we can help further and will keep you informed of information and offers relating to your exams that we believe may be of interest to you. page 2 of 22 please table of contents purpose of the qualification 3 why study the libf level 3 certificate in regulated equity release (cerer®)?3 objectives 3 key content areas 3 qualification learning outcomes 4 unit 1 4 unit 2 4 key skills developed 5 entry requirements 5 recognition of prior learning 5 progression and preparation for further study 5 Equity release is the generic term for any financial product that allows you to borrow against the value of your home. All questions and answers kept up-to-date to reflect changes to the exam syllabus and tax year Written for essential exam practice, but are not duplicates of the CII’s mock papers Download them instantly in PDF format and print as required A. U2.3 Role of equity release as part of overall retirement planning U2.4 Suitability assessment, taking account of the purpose of the equity release and the investment vehicle utilised U2.5 Rationale for the ‘suitability’ of equity release where used/ part-used to raise … VAT No: 979 2499 45, Terms of use | Terms of sale | Privacy policy | Find out more about how our site works and how we put you in control – cookie policy. The exact criteria may differ between equity release providers, but in general applicant(s) must: Equity release is the generic term that applies to wide range of products targeted at older borrowers such as lifetime mortgages, home income plans, cash plans, capital drawdown schemes and open‐ ended mortgages. This equity adviser course is split into two units and assessed within one module. I have got some good news to share with you. "Being qualified gives me that extra level of credibility in my job. I also find that questions in the exam are phrased in a way that I would not normally use, and that reading mock questions helps me to be aware of and alert to these. Our website is open 24/7 365 days a year, so if you are keen to get going with your revision during the Christmas break, you can purchase and download our resources whenever you like (except for our R03 study text which will be processed on 4th Jan for delivery within 5 business days). I don't have the time to spend hours reading bulky CII manuals. Our Affinity Relationship Manager, shares her tips for studying and exam success. ", "I regularly recommend the purchase of your study support materials to staff, as I receive many favourable comments regarding them being very helpful and realistic to aid exam study.". Do I need to own the freehold of my property? The Certificate in Regulated Equity Release (CeRER) is an RQF level 3 qualification accredited by Ofqual and awarded by the London Institute of Banking & Finance. Equity Release Council chief operating officer Donna Bathgate welcomed the LIBF’s certificate overhaul as “a great step forward”. I would highly recommend the material from Brand Financial Training for anyone sitting exams with the CII and working towards Chartered status . Registered office 96 Burman Road, Shirley, Solihull B90 2BQ. Unit 1 – Fundamentals of Equity Release: 50 multiple-choice questions (70% pass mark required) Unit 2 – Equity Release Solutions: 3 case studies each with 10 linked multiple-choice questions (70% pass mark required) The exam can be taken at over 150 Pearson VUE centres. Don’t worry! Type your query in the search box below or click on one of the boxes to get the answers to some of the most frequently asked questions. ER1 : Equity release The CII’s ER1 exam is a 2-hour multiple choice question paper consisting of 75 questions including 5 case studies with 5 multiple choice questions in each, with a nominal pass mark of 70%. It also develops knowledge and understanding of financial services; mortgage and equity release advice and enhances skills … In addition to developing advisory skills, the Certificate offers an understanding of equity release regulation, products, market practice, and customer needs. If you think equity release is a suitable option for you, consider asking the following questions before you agree to a scheme. Thank you Brand Financial Training, "I passed my exams 1st time after buying the 3 mock exam packs. Posted on October 12, 2010 by equityadvicesouthwest. Frequently Asked Equity Release Questions What is the minimum and maximum amount I can borrow? 4.5 rating. You will receive the download link on our web page after you have completed your order, and you will also receive an email with the link. Is there a minimum age requirement? Excellent value for money! I have passed every exam first time and also managed to achieve the Fellowship in good time (about 30 months from starting the diploma to finishing). 2. How Safe is Equity Release? In this article we take a look at 5 key questions on how equity release works. How to Do Industry Analysis: The Complete Guide. I hope you find this guide helpful about Equity Research Interview Questions that includes 50 (Technical as well as Non-Technical equity research interview questions with complete answers). Your results are provided after every assessment and are graded in line with the notional pass rate. By asking London Equity Release anything that may be of concern, hopefully we can allay any uncertainties, or queries you may have. Previous posts have already covered two of the biggest questions people have about equity release: “Why do people choose equity release?”, and “what’s the best equity release scheme? Equity release is also the generic term for home reversion plans. ...The Brand material is the solution to any adviser in a similar postion to me. My old boss told me once – we don’t sell widgets – we sell knowledge, trust and confidence. Common Questions about Equity Release What is equity release? Thank you! They were focused and relevant and after also downloading a number of exam papers I passed at the next attempt with far more confidence! CII ER1 exam on equity release - assessment package Contents. The default Enrolment option for this unit includes: Latest version of the core learning content, in digital format only. In a bid to improve finances in retirement, people are increasingly looking at ways to release money locked up in the value of their home. FAQs. Well done to everyone at Brand for supporting them on that journey. Financial Services Compensation Scheme Here we cover some of the most commonly asked questions: What is Equity Release? Exam: The Equity Release exam is assessed through a single 2-hour multiple choice exam, split into two sections: Unit 1 – Fundamentals of Equity Release: 50 multiple-choice questions; Unit 2 – Equity Release Solutions: 3 case studies each with 10 linked multiple-choice questions. Scoring guides are available on the STAAR Writing and English I, II, III Resources webpage. “Today’s retirement landscape has evolved significantly with consumers facing a wide range of products and services to meet different and complex needs,” she said. ", "I've used your resources for 3 exams so far and have always passed first time. Here are some of the most commonly asked questions about London equity release scheme. ", Partner, Professional Practice Services, Worcestershire, Director, Orchid Financial Services Ltd, Peterborough, Managing Director, South West Financial Planning Ltd, Barnstaple, Chartered Financial Planner, GMB Portfolio Services Ltd, Edinburgh, By The Team at Brand Financial Training on December 29, 2020, By The Team at Brand Financial Training on December 22, 2020, CII AF6 Senior management and supervision, CII CF1 UK financial services regulation and ethics, CII FA5 Individual savings account administration, CII IF4 Insurance Claims Handling Process, CII J03 The Tax and Legal Aspects of Business, CII J07 Supervision in a Regulated Environment, CII J10 Discretionary Investment Management, CII LP1 Life and Pensions Customer Operations, CII LP2 Financial Services Products and Solutions, CII LP3 Life and Pensions Principles and Practices, CII R01 Financial Services, Regulation and Ethics, CII Advanced Diploma in Financial Planning, CII Award in Life and Pensions Foundations, CII Certificate in Advanced Mortgage Advice, CII Certificate in Discretionary Investment Management, CII Certificate in Pension Transfer Advice, CII Certificate in Regulated Financial Services Operations, CII Certificate in Securities Advice and Dealing, CII Diploma in Regulated Financial Planning, Find out more about how our site works and how we put you in control – cookie policy. Equity release is a specialist type of mortgage where an individual will give either a percentage or a flat value of their property for cash to a bank but generally not be charged interest on the equity that the yare given The scheme is generally for elderly people of age 55 years and over. Knowledge is assessed in a 2-hour multiple choice exam. Please always check with providers on rates and commissions before submission as these can change without notice. Knowledge is a key component - the trust equation is a whole different subject, but many more advisers have been on a learning journey that is sure to continue - and the stats prove it. Our expert answers will set you straight – and if you don’t see what you’re looking for, send us your question and one of our equity release advisers will get back to you. We will also keep you informed about financial services exams via our newsletter. 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