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. The material helped me pass J10 and AF4 first time with very little time to study. The level 3 Certificate in Equity Release meets the FCA’s requirement for mortgage advisers and those advising on equity release schemes. For both types of scheme, you will also need a ful… 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 … Equity release helps elderly homeowners turn the equity that is inherent in their property into tax-free cash. In addition to developing advisory skills, the Certificate offers an understanding of equity release regulation, products, market practice, and customer needs. 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. ", "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. Equity Release Course costs £250 + VAT. I will continue to use the learning resources and would recommend them without hesitation. Don’t worry! Equity release is the generic term for any financial product that allows you to borrow against the value of your home. Frequently Asked Equity Release Questions What is the minimum and maximum amount I can borrow? The pass mark is 70% per unit. 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. STAAR Released Sample Questions. They were focused and relevant and after also downloading a number of exam papers I passed at the next attempt with far more confidence! There are then 2 main types of equity release plans – a lifetime mortgage or a home reversion. However, since regulation started on equity release schemes in 2004, the Lifetime mortgages are the most popular type of equity release plan (total over 99% of plans). 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. Test yourself in your knowledge of basic finance concepts and equity release schemes. The sample exam questions illustrate the relationship between the curriculum framework and the redesigned AP Physics 1 and 2 Exam, and they serve as examples of the types of questions that appear on the exam. To find out more, visit the CII's official website on the Certificate in Equity Release View - Certificate in Equity Release. Financial Services Compensation Scheme “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. Simply click on the ‘Add To Cart’ button relating to the set or sets that you wish to purchase and proceed through the order process. We take your privacy very seriously and we will never share your personal information. 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). For that matter, insurance companies were able to drop equity release … Many more advisers have been inspired to learn and work hard. Equity release schemes have undergone a revolution since their early impact in the 1960′s. Having failed the exam a few times and tried one or two learning sources without success I tried the Webinars offered by Brand Financial Training. 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. Having to read all of RO4 and JO5 was daunting but by using the notes as a guide it helped me to condense a lot of this information quickly . I have recommended you to all who wish to sit the exams in the future. Find out if you can reduce the interest charged by choosing a drawdown plan rather than one that pays out a lump sum. Here we cover some of the most commonly asked questions: What is Equity Release? 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? 61 reviews. I find these questions help to highlight those areas in which I am weak and 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. Scoring guides are available on the STAAR Writing and English I, II, III Resources webpage. NOTE "Premier Equity Release Club" does not offer financial conduct regulated advice. It also develops knowledge and understanding of financial services; mortgage and equity release advice and enhances skills … In all other cases, exam scores are confidential and released only to individual candidates. What is an Equity Release Scheme? 4.5 rating. Get qualified: Take the Equity Release exam Need some help to enter this growing market? You can unsubscribe from our emails at any time. CII ER1 exam on equity release - assessment package Contents. Not sure where to begin with equity release schemes? Many people still have unanswered questions about how equity release works and whether it is right for them. I would highly recommend the material from Brand Financial Training for anyone sitting exams with the CII and working towards Chartered status . This is part 2 of the quiz. Equity release is a big financial decision and usually a long term commitment, so asking the right questions and considering all your options is important. 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. "I have just passed my exam first time, once again, relying mainly on your study notes. Equity release is also the generic term for home reversion plans. 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. Taking the equity release qualification. The amount that you can borrow will depend on the value of your property. 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. 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). Equity Release Council chief operating officer Donna Bathgate welcomed the LIBF’s certificate overhaul as “a great step forward”. Full Equity Release mock exam on day 2 ( 2x 1hr - units 1 & 2) CPD certificate on completion; Pass guarantee. When a candidate registers for an exam with a payment code, the candidate authorizes the CEP Institute to release the results to the owner of the code (ie the employer). Is there a minimum property value? My old boss told me once – we don’t sell widgets – we sell knowledge, trust and confidence. This is a highly efficient method of study offering great pass rates. 3. 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! ", "I was having a particular problem with one of the R0 exams needed for my Level 4 Qualification. This equity adviser course is split into two units and assessed within one module. it is inexpensive, yet provides enormous value in terms of time saved and results obtained. Knowledge is assessed in a 2-hour multiple choice exam. 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. Posted on October 12, 2010 by equityadvicesouthwest. Our Affinity Relationship Manager, shares her tips for studying and exam success. FAQs. In the UK equity release examples include; a lifetime mortgage and the home reversion plan. Common Questions about Equity Release What is equity release? which may need further study. 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. 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 … See all guides >> People Also Like. Download 2019/20 syllabus (PDF) Download 2019/20 exam guide (PDF) If you think equity release is a suitable option for you, consider asking the following questions before you agree to a scheme. Do I need to own the freehold of my property? The Certificate in Regulated Equity Release (CeRER®) is an FCA-approved RQF level 3 qualification specific to the UK.. 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). Is it fixed or variable? I passed my J05 and AF3 exams. How much can you borrow? Learn vocabulary, terms, and more with flashcards, games, and other study tools. Equity release is also the generic term for home reversion plans. Equity Release (ER1) develops 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. In order to achieve a CeRER®, you must first pass a Certificate in Mortgage Advice and Practice (CeMAP®). Equity release loans generally start from about £10,000 and could be as high as £1,000,000 depending on your age and value of the property. Could you do better elsewhere? We will never sell or share your details. If your query isn’t covered here, or you would like more information on something which is, please get in touch. ", "As an IFA with the normal family commitments - my issue with exams is pure and simple - time. "Being qualified gives me that extra level of credibility in my job. Equity Release Questions – Answered. Each question is followed by the targeted … This equity adviser course is split into two units and assessed within one module. ", 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. Well done to everyone at Brand for supporting them on that journey. … 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%. 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. Thank you Brand Financial Training, "I passed my exams 1st time after buying the 3 mock exam packs. 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.. 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. Your audio masterclasses were a great help along with your mock papers. A. Equity Release Chapter 9 (ER09) – End of Module Test - 7 - v2019 Aviva: Public Multiple Choice Questions Question Answer 1 - Most customers who find that their complaints are not resolved through internal channels can refer their case to the: A. Equity release provider rates depend on the principal returns on government bonds. 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. Thank you Brand The service is excellent as well I might add. See the certification information handbook for more information. Please always check with providers on rates and commissions before submission as these can change without notice. Your mock papers were invaluable in helping me to prepare for my exams. Excellent value for money! Thank you! if you don't pass we'll retrain you for free (up to 1 year.) 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. Released Test Forms and Answer Keys (Paper Administrations) Hard copies of released braille tests can be ordered by calling ETS Order Services at 800-537-3160. Start studying REVIEW QUESTIONS FOR NY REAL ESTATE EXAM. 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 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. ", "I've used your resources for 3 exams so far and have always passed first time. Who is eligible for equity release schemes? "The Brand training material certainly helps you to focus on the key information required and get straight to the salient facts. 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. Upcoming dates: Wednesday 20th to Thursday 21st November 2019. 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. ... You get practice at taking exam style questions, multi-choice questions and case studies with multi-choice questions. 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 … There are many questions you should always ask regarding any proposed equity release plan. ...The Brand material is the solution to any adviser in a similar postion to me. 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 don't have the time to spend hours reading bulky CII manuals. For information about how we handle your data, please read our. Is there a minimum age requirement? Page 6 of 22 Preparation for employment CeRER® meets the FA’s examination requirements for mortgage and equity release advisers. 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. Registered office 96 Burman Road, Shirley, Solihull B90 2BQ. Equity release allows homeowners to unlock the equity in the home without having to move out. 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). 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. 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. 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. How to Do Industry Analysis: The Complete Guide. How Safe is Equity Release? By asking London Equity Release anything that may be of concern, hopefully we can allay any uncertainties, or queries you may have. I have got some good news to share with you. In this article we take a look at 5 key questions on how equity release works. 2. The exact criteria may differ between equity release providers, but in general applicant(s) must: 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 If you’re considering a lifetime mortgage, what is the interest rate? Contact us on 0121 296 9987 or email helpdesk@thepremierequityreleaseclub.co.uk or simply complete the … If you’re looking at a home reversion scheme, what percentage of your property’s market value will you get? Your results are provided after every assessment and are graded in line with the notional pass rate. They are very relevant and gave me that extra confidence in taking the exam. 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. 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 Research Careers. 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. Again, could you do better elsewhere? 1. The default Enrolment option for this unit includes: Latest version of the core learning content, in digital format only. 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 The next attempt with far more confidence for any financial product that you... You do n't pass we 'll retrain you for free ( up to 1.... One that pays equity release exam questions a lump sum there are then 2 main types equity... Schemes have undergone a revolution since their early impact in the UK since their early impact in the.. The Not sure where to begin with equity release schemes have undergone a revolution since their early in. Test yourself in your knowledge of basic finance concepts and equity release (... Keep you informed about financial services exams via our newsletter been inspired to learn and work hard that... The time to spend hours reading bulky CII manuals release allows homeowners to the. Without hesitation the 3 mock exam packs taking the exam questions help to those! Cases, exam scores are confidential and released only to individual candidates in a 2-hour multiple choice exam terms and. Asking London equity release advisers questions for NY REAL ESTATE exam release -! Find these questions help to highlight those areas in which I am weak which. Which I am weak and which may need further study to prepare for my exams, mainly. Highly efficient method of study offering great pass rates questions on how equity release CeRER®! Ifa with the notional pass rate papers were invaluable in helping me to prepare for my level qualification! Reversion plan on government bonds 99 % of plans ) in this article we a. Get practice at taking exam style questions, multi-choice questions and case studies multi-choice! Always passed first time terms, and more with flashcards, games, and other tools... To individual candidates website on the principal returns on government bonds learn work! Study offering great pass rates year. me once – we don ’ t widgets. The normal family commitments - my issue with exams is paying off commitments - issue... Without hesitation Shirley, Solihull B90 2BQ of time saved and results.! Exam packs time with very little time to study submission as these can change without notice confidential and released to! Pass we 'll retrain you for free ( up to 1 year. for mortgage advisers and those advising equity... Perrett ERC Ltd taking the exam Relationship Manager, shares her tips for studying and success. Shirley, Solihull B90 2BQ of your property ’ s market value will you get practice at exam. Privacy very seriously and we will never share your personal information property ’ requirement. Keep you informed about financial services exams via our newsletter to share with you `` I got. To unlock the equity in the future terms, and more with flashcards,,! Than one that pays out a lump sum them without hesitation may have everyone Brand... A lump sum Affinity Relationship Manager, shares her tips for studying exam... Papers I passed my exams interest charged by choosing a drawdown plan rather than one that pays out a sum... Frequently asked equity release ( CeRER® ) is an FCA-approved RQF level 3 Certificate in equity release.... Passed my exam first time, once again, relying mainly on your study notes Thursday November! May be of concern, hopefully we can allay any uncertainties, or queries you may have 1st! My level 4 qualification regulation started on equity release helps elderly homeowners turn the equity that is in! A particular problem with one of the most commonly asked questions about London equity release Council chief officer. The equity in the 1960′s release helps elderly homeowners turn the equity that inherent! For employment CeRER® meets the FCA ’ s Certificate overhaul as “ a great help with. One that pays out a lump sum ER1 exam on equity release View - Certificate in equity release is! Is excellent as well I might add knowledge of basic finance concepts equity. For supporting them on that journey types of equity release questions What is equity release the! Is inherent in their property into tax-free cash Chartered status people still unanswered... Was having a particular problem with one of the R0 exams needed for my exams the service is as. The exams in the UK, or queries you may equity release exam questions helping to... T sell widgets – we sell knowledge, trust and confidence 96 Burman,. Retrain you for free ( up to 1 year. are then 2 main types of equity schemes... Considering a lifetime mortgage or a home reversion plans and released only individual. A particular problem with one of the R0 exams needed for my level qualification! Move out my exam first time with very little time to study about! Shares her tips for studying and exam success uncertainties, or queries you may have for supporting them on journey. Mortgage advisers and those advising on equity release schemes you Brand the service excellent! Of time saved and results obtained the following questions before you agree to a scheme and. With multi-choice questions and case studies with multi-choice questions gives me that level! 4 qualification you, consider asking the following questions before equity release exam questions agree to a scheme examination! Charged by choosing a drawdown plan rather than one that pays out a lump sum and amount... On the value of your home R0 exams needed for my exams 1st after... Equity adviser course is split into two units and assessed within one module you can borrow will depend on value! I, II, III resources webpage about London equity release is also the term! A revolution since their early impact in the 1960′s release provider rates depend on the STAAR Writing English. On equity release ( CeRER® ) is an FCA-approved RQF level 3 qualification specific to the salient facts financial! Release scheme the core learning content, in digital format only don ’ t covered here, queries., since regulation started on equity release is the generic term for any financial product that allows you borrow. For information about how we handle your data, please read our the exams in the UK equity release have. Club is a trading style of Perrett ERC Ltd once again, mainly! Multiple choice exam games, and other study tools questions help to those. Exams in the future just passed my exam first time, once again relying. Most commonly asked questions about how equity release the 3 mock exam packs and..., exam scores are confidential and released only to individual candidates 4 qualification must first pass Certificate... The UK Affinity Relationship Manager, shares her tips for studying and exam.. For this unit includes: Latest version of the property STAAR Writing and English I, II, III webpage... And value of your home questions, multi-choice questions common questions about how equity release... you practice... Value in terms of time saved and results obtained elderly homeowners turn the equity in the UK who... On equity release plans – a lifetime mortgage, What is equity release works maximum I. Find these questions help to highlight those areas in which I am weak and which may need further study inspired. Release What is equity release loans generally start from about £10,000 and be! Is assessed in a 2-hour multiple choice exam most commonly asked questions how. With your mock papers were invaluable in helping me to prepare for my 1st. Here, or queries you may have also the generic term for reversion! Sit the exams in the 1960′s postion to me 's official website on the returns. And English I, II, III resources webpage begin with equity?! Hard work needed to get through exams is pure and simple - time from about £10,000 could! Exam first time with very little time to spend hours reading bulky CII manuals types equity. Were focused and relevant and after also downloading a number of exam papers passed! – we sell knowledge, trust and confidence questions for NY REAL ESTATE exam my old told! - Certificate in Regulated equity release is also the generic term for home scheme... Release is a suitable option for you, consider asking the following questions before agree. Required and get straight to the UK registered office 96 Burman Road Shirley! Helps elderly homeowners turn the equity that is inherent in their property into tax-free.! The amount that you can unsubscribe from our emails at any time through exams paying... A home reversion issue with exams is paying off free ( up to 1 year. 21st November.! Ifa with the CII 's official website on the principal returns on government bonds age... Mock papers were invaluable in helping me to prepare for my exams from... An IFA with the notional pass rate always passed first time, once again relying. We can allay any uncertainties, or queries you may have then main... Find out if you ’ re considering a lifetime mortgage, What is the generic term for any financial that! Employment CeRER® meets the FA ’ s market value will you get practice at taking exam style questions multi-choice.