Course Price: £69.00 + VAT
Access Duration: 6 months
How to Purchase
Order online via our secure platform. Pay via Credit/Debit card and receive instant access to your course! We accept the following cards:
LP3 Life and Pensions Principles and Practices – £69.00 + VAT The LP3 (Life and Pensions Principles and Practices) exam forms the final part of the Certificate in Financial … View Course… |
|
LP2 Financial Services products and solutions – £69.00 + VAT The LP2 (Financial Services products and solutions) exam forms the second part of the Certificate in Financial Services. … View Course… |
|
LP1 Life and Pensions Customer Operations – £69.00 + VAT The LP1 (Life and Pensions Customer Operations) exam forms the first part of the Certificate in Financial Services. … View Course… |
|
CF8 Long Term Care – £69.00 + VAT The CF8 (Long Term Care Insurance) exam is a stand-alone module, leading to the Award in Long Term … View Course… |
|
CF6 Mortgage Advice – £69.00 + VAT CF6 Mortgage Advice is one of the compulsory papers in the CII Level 3 Certificate in Mortgage Advice. … View Course… |
The ER1 Equity Release exam forms part of the Certificate in Equity Release and upon successful completion will give you 15 credits at certificate level.
The study schedule is split into a three-week learning programme. We would recommend that you allow yourself around a week after the programme finishes to consolidate your learning, practice taking some examinations and revise. This means that you should leave yourself around 4 weeks from starting the programme, to taking the exam.
As part of our structured study plan, rather than just giving you a book and expecting you to read it and learn, we will be providing an interactive and structured journey to help you through your studies.
We have broken the key learning outcomes down into various areas that will be rolled out over the 3- week study schedule for you to study as you go. The learning materials will include written summaries of the material covered in the form of a study guide that you can print off and read through. As well as this and alongside the specific learning material, you will find links to other useful documents that will help with your study.
Forms part of |
The Certificate in Equity Release |
Credits awarded |
15 |
Exam length |
2 hours |
Exam type |
Multiple choice |
Exam content |
75 questions – 50 standard multiple-choice questions with and five case studies each with a further 5 multiple-choice questions. |
Pass mark |
In the region of 70% |
Learning outcome 1 |
Know the definition of equity release, home reversion plans, lifetime mortgages and alternative methods of equity release / capital raising |
Learning outcome 2 |
Understand the principles of equity release, the types of equity release schemes available and the circumstances for which such schemes might be appropriate |
Learning outcome 3 |
Understand the types of consumer at whom equity release is targeted and their personal requirements wants and needs |
Learning outcome 4 |
Understand the circumstances in which equity release may be appropriate and how these are influenced by consumers’ preferences and financial needs |
Learning outcome 5 |
Understand the impact on consumers’ future options |
Learning outcome 6 |
Understand the key features, relative advantages and disadvantages of different types of equity release arrangements and principle alternatives |
Learning outcome 7 |
Understand the rules relating to State benefits and taxation, the sources of information and specialist advice regarding the implications on these |
Learning outcome 8 |
Analyse the suitability and affordability of the different types of equity release plans and the main alternatives for different types of customer |
Learning outcome 9 |
Assess the advantages, disadvantages and potential risks to consumers associated with taking out equity release and when these may arise |
Learning outcome 10 |
Assess the relative levels of risk for different consumers taking account of their individual circumstances |
Learning outcome 11 |
Apply suitable equity release solutions to the circumstances of different types of consumer |
Reasons to use Us
Unlimited access 24-7
CPD accredited
Tutor support
Exam guides
Structured learning
6000+ Exam questions
Model answer assignments
Timed testing