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Popularity of equity release products are increasing, £1.06bn of property wealth was accessed via equity release products in Q1 2020, up by 14% from the previous year (source: Equity Release Council). As a result, the need for qualified professionals has significantly increased and advisors are looking to upskill to guide their clients through the process.
As a qualified CeMAP Mortgage Advisor, gaining an accreditation to advise on equity release will add to your skill set and increase your salary potential.
You’ll develop specialist knowledge to understand different customer needs, be able to advise on the different types of equity release products and associated risks.
Following on from your CeMAP Modules 1-3 certification, the CeRER Level 3 certificate will give you the right to practice and allow you to advise property owners on how to release tax-free money from their property to finance their lives and for gifting family members.
The CeRER professional qualification is approved by the Financial Conduct Authority (FCA), accredited by Ofqual and awarded by the London Institute of Banking & Finance.
Our virtual classroom training has provided high pass rates, which has made us confident to offer an Exam Pass Guarantee*, so you know we’ll support you until you are certified. The e-Careers virtual class is an interactive experience, giving you opportunity to learn from some of the leading CeRER trainers as well as network with fellow students, in the safety and comfort of your own home.
Once fully qualified you will have the potential to earn over £70,000 with experience.
LIBF Level 3 Certificate in Regulated Equity Release
- About e-Careers - download
Learn how to successfully examine individual client requirements and offer them the correct advice on a range of products and associate risks.
During this course you’ll learn:
- The impact of equity release schemes on customers’ future options
- The FCA regulatory explanation of a lifetime mortgage and a home reversion plan
- How to match different types of equity release schemes to your customers’ needs
- The suitability and affordability of the different types of equity release schemes
- The relative advantages and disadvantages of the different types of equity release arrangements and alternatives
- How to assess the risks to customers who take out equity release schemes and when these might arise
- The rules relating to state benefits as well as taxation
CeRER Course Units
There are two course units:
Unit 1 – Fundamentals of Equity Release (FOER)
- The principles of equity release
- Types of schemes available and the circumstances in which equity release may be appropriate
- The advantages, disadvantages and potential risks to consumers
Unit 2 – Equity Release Solutions (EQRS)
- Selecting suitable equity release solutions to meet circumstances of different types of consumers
How is it assessed?
When the time comes to take your exam, we will guide you through the process.
The core Equity Release module is assessed through a single 2 hour objective exam, split into two units. Unit 1 is 50 multiple-choice questions, and Unit 2 comprise 3 case studies with 10 linked multiple-choice questions.
The exam is conducted either at a Pearson VUE testing centre or take your exam online, in the comfort of your home.
The exam (including registration fee) is not included in the cost of the course.
*How does the Exam Pass Guarantee work?
With our Exam Pass Guarantee, if you do not pass the exam after attending this training course with us, you will be eligible to attend the same training again for free.
All we ask is that you:
- Attend all class days and complete all assignments
- Take the exam within 30 days of completing your Virtual Classroom training
- Request your course re-enrolment within 30 days of the failed exam attempt
Please Note: Students retaking the course are required to use any materials or books distributed to them in their original course session. Failure to provide these materials will result in the student being charged for replacement materials.
*Exam Pass Guarantee does not include the resit exam; this would need to be purchased at an additional cost.
About the London Institute of Banking & Finance (LIBF)
The London Institute of Banking & Finance has a heritage of more than 140 years of delivering world-class, professional education to students in the UK and internationally. It is a not-for-profit educational body with charitable status, incorporated by Royal Charter.
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Who is this course for?
Beneficial for anyone holding a CeMAP or alternative Level 3 Mortgage Qualification, who wants to provide equity release product advice and services.
The course would also compliment students who are studying for their CeMAP certification.
Students must have completed CeMAP or another Level 3 mortgage qualification.
As a qualified Equity Release Advisor, it will give you the right to practice and give you the opportunity to increase your salary potential and you will be able to work in roles including:
- Senior Mortgage Advisor
- Mortgage Advisor
- Financial Advisor
These job roles will open further opportunities in the lucrative financial industry and give you the potential to earn over £70,000 with experience.