", 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 also the generic term for home reversion plans. Well done to everyone at Brand for supporting them on that journey. See all guides >> People Also Like. Equity Research Careers. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 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 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. Please always check with providers on rates and commissions before submission as these can change without notice. If your query isn’t covered here, or you would like more information on something which is, please get in touch. Upcoming dates: Wednesday 20th to Thursday 21st November 2019. Frequently Asked Equity Release Questions What is the minimum and maximum amount I can borrow? Do I need to own the freehold of my property? The Association of Mortgage Intermediaries and Equity Release Council agreed that later life lending had seen so many rapid changes it was vital to broaden the qualifications to … The material helped me pass J10 and AF4 first time with very little time to study. Registered office 96 Burman Road, Shirley, Solihull B90 2BQ. 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. I would highly recommend the material from Brand Financial Training for anyone sitting exams with the CII and working towards Chartered status . For both types of scheme, you will also need a ful… ", "I would like to say a big thank you for the quality, depth, clarity and effectiveness of the study material packages which I used for the RO2, RO3 and RO6 exams allowing me to attain the Diploma in Regulated Financial Planning. Thank you Brand The service is excellent as well I might add. Here are some of the most commonly asked questions about London equity release scheme. if you don't pass we'll retrain you for free (up to 1 year.) ", "I was having a particular problem with one of the R0 exams needed for my Level 4 Qualification. 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. 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). Here we cover some of the most commonly asked questions: What is Equity Release? Equity release allows homeowners to unlock the equity in the home without having to move out. Unit 1: Fundamentals of Equity Release 60 minute objective exam, 50 multiple-choice questions Unit 2: Equity Release Solutions 60 minute objective exam, 3 case studies of 10 questions each How to study We offer the single module CeRER® as a Fast Track course. Knowledge is assessed in a 2-hour multiple choice exam. If you think equity release is a suitable option for you, consider asking the following questions before you agree to a scheme. Taking the equity release qualification. 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. 2. What is an Equity Release Scheme? … Scoring guides are available on the STAAR Writing and English I, II, III Resources webpage. "Being qualified gives me that extra level of credibility in my job. Equity release is the generic term for any financial product that allows you to borrow against the value of your home. The calculation workbook was very useful, helping me to understand and work through the calculations, as were the mock exams giving me practice for the exam itself. I don't have the time to spend hours reading bulky CII manuals. Premier Equity Release Club is a trading style of Perrett ERC Ltd. Note that the Brand Financial Training Team will be taking a break from 5 pm on Fri 18th Dec and will return on Mon 4th Jan. During that time, we will not be able to reply to any emails or phone calls but rest assured that any messages left will be responded to when we return. We take your privacy very seriously and we will never share your personal information. it is inexpensive, yet provides enormous value in terms of time saved and results obtained. The level 3 Certificate in Equity Release meets the FCA’s requirement for mortgage advisers and those advising on equity release schemes. 3. Equity release schemes provide a lump sum or a regular income that can make a big difference to people’s lives. Financial Services Compensation Scheme Knowledge is assessed in a 2-hour multiple choice exam. If you’re looking at a home reversion scheme, what percentage of your property’s market value will you get? I am more than happy to fully endorse it and say a big thank you to Catriona for her outstanding contribution to my personal achievement", "I have always used Brand Financial Training for the papers and practice for the exams, and I would also say that probably due to Brand Financial This equity adviser course is split into two units and assessed within one module. A. 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. In order to achieve a CeRER®, you must first pass a Certificate in Mortgage Advice and Practice (CeMAP®). To find out more, visit the CII's official website on the Certificate in Equity Release View - Certificate in Equity Release. Is there a minimum property value? I don't have the time to look for 100% pass marks and I don't have the time to risk failing and having to re-sit. The amount that you can borrow will depend on the value of your property. 1. 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. Your mock papers were invaluable in helping me to prepare for my exams. Get qualified: Take the Equity Release exam Need some help to enter this growing market? 4.5 rating. Find out if you can reduce the interest charged by choosing a drawdown plan rather than one that pays out a lump sum. Many people still have unanswered questions about how equity release works and whether it is right for them. STAAR Released Sample Questions. Thank you! Equity release schemes have undergone a revolution since their early impact in the 1960′s. Page 6 of 22 Preparation for employment CeRER® meets the FA’s examination requirements for mortgage and equity release advisers. Equity Release Council chief operating officer Donna Bathgate welcomed the LIBF’s certificate overhaul as “a great step forward”. ", “The hard work needed to get through exams is paying off. 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! 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. ", "I've used your resources for 3 exams so far and have always passed first time. Contact us on 0121 296 9987 or email helpdesk@thepremierequityreleaseclub.co.uk or simply complete the … How much can you borrow? ", 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. Is paying off we can allay any uncertainties, or you would like more information on something which,... Provides enormous value in terms of time saved and results obtained chief operating officer Donna Bathgate welcomed the LIBF s. In this article we take your privacy very seriously and we will also keep you informed about financial services via... B90 2BQ the Not sure where to begin with equity release schemes, Solihull B90 2BQ a! Bulky CII manuals these can change without notice depend on the key information required and get straight the. Cerer® meets the FA ’ s requirement for mortgage advisers and those advising on equity release also... As well I might add CeRER® ) is an FCA-approved RQF level 3 qualification specific to the..! Affinity Relationship Manager, shares her tips for studying and exam success papers were invaluable in me... - time without having to move out pass rate your resources for 3 so. 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