What is CeRER qualification?
The Certificate in Regulatory Equity Release (CeRER) is the regulatory qualification you will need to be able to advise clients who wish to release capital in their property with an agreement to repay the money in the future while they still reside at the property.
What is the pass mark for CeRER?
35/50
You need to achieve at least 35/50 (70%) to pass this unit.
What qualifications do I need to be an equity release adviser?
CeRER Qualification: To study CeRER you must first have completed CeMAP or an equivalent Level 3 Mortgage Advice qualification. The core Equity Release module is assessed through a single 2-hour objective exam, split into two units.
What is LIBF qualification?
The qualification provides a foundation for continued study within the finance sector and a wide range of other business-related disciplines. Many students go on to study subjects such as accounting, business, finance and banking at university or through further vocational training.
What is the pass mark for ER1?
70%
ER1 Equity Release
| Criteria | Details |
|---|---|
| Credits | 15 – Certificate |
| Exam Format | Online, 2 hours |
| Number of Questions | 50 multiple choice questions (MCQs) and 5 case studies each with 5 MCQs |
| Nominal Pass Mark | 70% |
At what age can you get equity release?
55
Typically, the minimum eligible age for equity release is 55. For joint equity release mortgages this applies to the youngest applicant.
What is Dip PFS?
Diploma in Financial Planning (Dip PFS)
Is LIBF a vocational course?
Applied General qualifications: the purpose of these qualifications is to provide a broader vocational education. They ‘are designed for students wanting to continue their education through applied learning….LIBF Diploma in Financial Studies.
| Grade | Points |
|---|---|
| A | 48 |
| B | 40 |
| C | 32 |
| D | 24 |
Do I have to be 55 to release equity?
Can I release equity if I’m under 55? Unfortunately, no. Equity release lifetime mortgages are only available to those aged 55 or over, and you typically have to be older still (aged 60 or even 65) for a home reversion plan.
Can I sell my house if I have equity release?
Many standard equity release schemes allow you to move your mortgage to a new property if you decide to sell your house, provided the lender approves the property first. In this situation, you may have to repay some of the mortgage early, potentially triggering early repayment charges.
How do I become a CFP UK?
Candidates for CFP certification must meet relevant work experience standards (one-year supervised experience or a minimum of three years of unsupervised practice experience) in the financial planning process prior to being awarded CFP certification to ensure they possess financial counseling skills in addition to …