Qualification . CeRER Equity Release is now a massive growth area. Qualified mortgage advisers can gain an additional specialised qualification to assist clients to select the most appropriate equity release option from a vast range of products. Home » Qualifications » Certificate in Equity Release » UK financial services, regulation & ethics UK financial services, regulation & ethics CF1 (15 CII credits – Certificate level credits) Equity Release in Focus. Entry requirements. Units range from between 60 and 70 hours (each depends on experience and ability). It is a free-to-access service which usually costs £200, and features content delivered by a CII-accredited tutor. By using and browsing the CII website, you consent to cookies being used in accordance with our policy.If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Recommended study time. Assessment entry. The Certificate in Regulated Equity Release (CeRER®) is an FCA-approved RQF level 3 qualification specific to the UK.. Unlike conventional mortgage products, these schemes do not have a fixed term specified and include a provision for the client to remain in the home for the rest of their lives. To achieve CeRER you must have completed CeMAP or an equivalent Level 3 mortgage advice qualification.. This is a summary of the mortgage and equity release qualification requirements. Continuous growth spans from not only record low interest rates, but the industries focus on innovation and development to ensure everyone the offering is both competitive and appropriate. Equity release (ER1) 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. Press release – 01/2019 The one-day workshops will be run by the Chartered Insurance Institute (CII) and will provide advisers with an overview of the entire syllabus for the CII’s Certificate in Equity Release Legal & General Home Finance announced a new strategy last year to invest in the intermediated None. Cookies on the CII website. Continuous growth spans from not only record low interest rates, but the industries focus on innovation and development to ensure … The default Enrolment option for this unit includes: Latest version of the core learning content, in digital format only. The Certificate in Equity Release meets the FCA’s qualification requirements for mortgage advisers and those advising on equity release … 4.5 rating. In May, LGHF launched an online study portal to help aspiring equity release advisers achieve the CII Certificate in Equity Release qualification or equivalent. You need the designation Cert CII (MP) to advise on mortgages that comprises R01 or CF1 (Financial Services Regulation & Ethics) plus CF6 (Mortgage Advice). The free equity release calculator can use this information and based on its database of equity release plans available, can give you a fairly good idea of the maximum release available to you. The use of equity release as a financial tool has gained significant momentum of the last 5 years and is showing no sign of slowing. Potential for CeRER Equity Release Advisers. The use of equity release as a financial tool has gained significant momentum of the last 5 years and is showing no sign of slowing. CII . Proven track record of … The level 3 Certificate in Equity Release develops advisory skills and offers an understanding of equity release regulation, products, market practice, and customer needs. UK Financial Services, Regulation and Ethics (CF1) develops your understanding of the financial services industry including regulation and legislation. Key information for the Certificate in Equity Release qualification provided by the Chartered Insurance Institute (CII) Cookies on the CII website. Equity release (ER1) 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. The essential mortgages and equity release advice qualification. In addition to developing advisory skills, the Certificate offers an understanding of equity release regulation, products, market practice, and customer needs. Delegates participating in the programme can claim up to 4.5 CPD hours towards the CII/Personal Finance Society member CPD scheme. Equity release schemes are a range of financial products which offer the opportunity for home owners to release the equity which is tied up in their property without the need to move home. Completion requirements. Continuous growth spans from not only record low-interest rates, but the industries focus on innovation and development to ensure … Cookies on the CII website By using and browsing the CII website, you consent to cookies being used in accordance with our policy . The professional body originally announced the launch of the new qualification in November, which is intended to support advisers who want to provide specialist advice on DB transfers. Learning support. By using and browsing the CII-India website, you consent to cookies being used in accordance with our policy. Applicants must hold the level 4 Equity Release qualification (either CII ER1 or LIBF CeRER) Recent experience of giving Equity Release advice, however applicants must have at least 2 years+ experience in financial services, particularly in mortgage advice. The level 3 Certificate in Equity Release meets the FCA’s requirement for mortgage advisers and those advising on equity release schemes. Jane Forshaw and Daniel Edmondson - Pure Retirement Ltd. About this session. CII ER1 syllabus overview At the end of this unit, candidates should be able to understand the: Principles of equity release and the types of schemes available; Suitability and affordability of the different types of equity release products; Risks to the consumer associated with equity release Additional revision aids. The equity release market is growing rapidly and being able to offer homeowners this additional service is proving a popular choice. (ER1) Equity release. Chartered Insurance Institute (CII) Here you can find out more about any CII qualifications that your financial adviser may have, such as: G60 (Pensions) MAQ (Mortgages) Chartered Financial Planner (following on from the APFS qualification) Always ask to see your financial adviser's qualifications, including any certificates. By using and browsing the CII website, you consent to cookies being used in accordance with our policy.If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. **Click here for an important notice for international deliveries** In order to achieve a CeRER®, you must first pass a Certificate in Mortgage Advice and Practice (CeMAP®). 61 reviews. 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