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Certificate in Regulated Equity Release (CeRER)

Professional qualifications

Certificate in Regulated Equity Release (CeRER)

Support your customers to release value in their homes with the appropriate equity release schemes.

CeRER-v3

About the qualification

Do you want to give advice on equity release?

The market for equity release is growing and advisers are looking to upskill to guide their customers through the process.  

If you currently hold CeMAP, being qualified to advise on equity release will add to your skill set.

You’ll develop specialist knowledge to understand different customer needs, be able to advise on the different types of equity release products and the risks associated with taking out a scheme. 

We have worked with the Equity Release Council, UK Finance, as well as major high-street banks and lenders to update this qualification to meet the demands of the market.

While studying with us – as a Member of LIBF (MLIBF) – you’ll enjoy benefits of membership, including careers support and access to professional networking events.

Your studies will cover

  • 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

How much does it cost? £220 – includes your study materials and exam entry
Average time to complete Six months – but you have up to 12 months from registration to complete
Number of units Two
How will I be assessed? Exam. View the assessment section for further details.

You can take your exam at a test centre or at home with remote invigilation
What study material do I get?             

As part of your fee, you’ll get:

  • a printed study textbook and an online version with interactive activities
  • new digital learning resources such as videos, quizzes and animations
  • online access to our virtual library KnowledgeBank
  • online access to our student portal MyLIBF
  • weekly study planner
  • syllabus updates
  • tax table 

You will be learning on our new VLE Brightspace, click on the logo to find out more.

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Additional study material 

You can purchase the following additional study materials:

  • digital specimen exam papers
How will I study? Everything is online, you can study at a pace that suits you 
Regulation 
  • Registered with Ofqual in the Regulated Qualifications Framework (RQF).
  • Meets the FCA regulatory requirements to advise on equity release


















Get up-to-date information relating to Coronavirus.

Units

If you have already completed CeMAP or an equivalent Level 3 mortgage qualification you just need to complete two units to achieve CeRER.

If you have not completed CeMAP or an equivalent qualification, view our CeMAP qualification page.

Unit 1 – Fundamentals of Equity Release

Understand the equity release market and the regulations associated with the different types of schemes available. With this knowledge you'll be able to understand your different customers and match the right scheme to their personal requirements and look at their future options as well. 

Unit 2 – Equity Release Solutions

You'll be able to apply suitable equity release solutions for the different circumstances of your customers. You will gain an understanding of different equity release products, their features and how suitable they are for your customers. This will allow you to provide a holistic assessment of your customers equity release needs. 

This qualification can be studied on its own, but you must hold CeMAP or an equivalent Level 3 mortgage advice qualification to advise on equity release.

Assessment

You are assessed at the end of each unit:

  • Unit 1 – 50 questions multiple choice exam
  • Unit 2 – three case studies each with 10 linked multiple-choice questions

You can choose when to take your exam and pick from test centres nationwide or through remote invigilation

You will have 12 months from when you register, to complete each module and sit the exam. Your first exam is included in the registration fee for each unit.

Exam and assessment information

When you have successfully completed all units, we will post your qualification certificate to you.

Study materials

We include the study text for equity release in your registration fee. These materials include a printed study text and a digitally enhanced version available through the course website.

You will also have access to several videos including an exclusive interview discussing the role of the Equity Release Council. This interview includes its main principles, as well as how equity release products are being developed to keep pace with an ageing demographic and socio-economic demands of later life provision.

Additional study materials

If you’d like additional study support, you can buy digital specimen exam papers which reflect the live assessment. You can purchase these when you apply or later through your MyLIBF account.

  • £28 a paper (including VAT)
I wanted to say that the CeRER book issued to us as part of the course was fantastic! It made the whole world of equity release come to life and easy to digest. I’m thrilled to have passed and couldn’t have done it without such a comprehensive book that made the process that little easier! Paul Anthony Foster, - Fluent Lifetime LTD
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Accredited Learning Support Providers

Some students prefer a qualification route with extra learning support. We have recognised a select number of course providers offering CeRER learning support. Using a learning support provider is entirely up to you - it is NOT a requirement of your studies - but this extra support might be beneficial to your learning. You’ll need to pay for such provision directly to your chosen ALSP.

Please note that you will still need to register and complete CeRER via us as we are the qualification awarding body.

Find out more

An ALSP is a training organisation that has joined our ALSP scheme and has been formally recognised by us as delivering appropriate additional learning and training support.

 

To gain our recognition, an ALSP’s course is assessed rigorously and must continue to meet certain quality standards relating to:

 

  • accuracy of course information
  • comparability to The London Institute of Banking & Finance’s programme of study
  • accuracy of course content
  • quality of delivery, both online and in a classroom
  • trainer/author credentials
  • course management policies and procedures
  • satisfactory annual reporting of their training activities and course management

 

While all ALSPs’ courses undergo regular monitoring, they might not be suitable for all students and we offer no guarantee of success in the exam to users of them. If you are considering using third party services, it’s very important that you assess their offering against your needs and choose your provider with great care – please see the FAQ on what you should look for when choosing a learning support provider. A list of our current CeRER ALSPs is here.

Using a third party learning provider is entirely your choice: it is NOT a requirement of your CeRER studies. However, once you have commenced your studies, if you feel you would like or need supplementary support in addition to the resources available from The London Institute of Banking and Finance , paying for an additional course might benefit you. For example, an extra online course from a training provider might be structured in a way that suits your learning style.

 

Many training organisations also offer face-to-face workshops. The benefits of these include you being able to meet and learn with fellow students and a qualified trainer, discuss issues relating to your individual needs, undertake varied activities, practice exam questions and better understand your progress and learning gaps - all away from the distractions of a work/home environment.

There are dozens of learning support providers offering training courses. Please be aware that while websites appear to be professional-looking, not all are bona fide organisations: for example, a ruling by the Advertising Standards Agency in 2018.

 

So, if you are considering using a learning support provider that is not an ALSP, we strongly recommend you read its website thoroughly and look at whether:

  • it can be contacted by phone or e-mail (beware of those only offering a call-back service)
  • an address is given – check on the Companies House website that the company and its address are genuine. Do an online search on the address: does the company operate from professional-looking premises?
  • training course fees are clearly stated
  • it states you will also need to register with The London Institute of Banking & Finance and pay the appropriate fee
  • syllabus information and course content appears accurate, complete and up to date
  • there are any testimonials (but bear in mind they might not be genuine)
  • there are clearly stated terms and conditions. Make sure you read them carefully.
  • the organisation claims to be recognised or accredited by The London Institute of Banking & Finance and/or uses its logo. Please note that only ALSPs are authorised to state they are accredited by us and display the official ALSP logo. The names and contact details of our ALSPs who offer support for CeRER Transfers are published on our website here.

 

You are strongly advised not to simply register and/or pay for a course online. Your first step should be to phone the organisation to discuss the course and your needs. If they cannot describe the course in detail, or if there is no answer and they do not reply to voicemails or e-mails, you should be very cautious.

We are aware of a number of revision courses and learning materials being offered for sale online. If these are not being offered by one of our Accredited Learning Support Providers, you should be very wary of buying these items, even if they appear to be good value. The provider and the materials have not been reviewed by us and therefore their quality and relevance to your studies is unknown. Note that these materials might be incomplete, inaccurate or out of date and could be misleading to you.

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