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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.

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

Benefits for you

  • Qualify in six months
  • Online study that fits around your life
  • Digital and hard-copy study materials to meet your study style
  • Access to research tools and industry analysis through KnowledgeBank and Financial World
  • Student membership for one year with additional benefits
  • Access to career support and guidance
  • Invitation to events and webinars from industry leaders

Accredited Learning Support Providers (ALSP)

We understand that everyone has different learning styles. Some students prefer a qualification route with extra learning support. 

We have recognised a select number of CeRER training providers offering to help support your learning and understanding of the concepts and materials.

Find out more

Please note that using a learning support provider is entirely up to you: it is NOT a requirement of your studies.

Registration fee £210 
The price includes study materials and exam entry.
When to apply? Registrations are open all year round
Number of units             Two
Average time to complete Six months
Study type  This qualification is on-demand. Everything is online and you can study at a pace that suits you.
Study material
  • You’ll receive 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 

View the studying section for further information

Additional study material 

You can purchase the following additional study materials:

• digital specimen exam papers

Assessment type Two-hour multiple-choice exam
Assessment provider You can book your exam at test centres nationwide or through remote invigilation 
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.

The new CeRER exam is a major step forward for the sector. There is far less focus on the products of the past, and far more focus on the application of currently available product features. This is not a soft-option – I work in this sector for much of my time and I still had to think carefully about the answers, but for me that’s a good thing. Anyone passing this exam should have a reasonable grasp of the principles and application of equity release today. Jon Dunckley - Managing Director at Fortica
CeRER testimonial

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.

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 can test your knowledge with review questions and activities at the end of each topic. It will help your learning and you can see what areas you need to focus on.

You will have access to the following online materials after you’ve signed up to the qualification:

  • student led discussion forums
  • animations
  • end of topic quizzes
  • study tip videos
  • weekly study planner
  • syllabus updates and
  • tax tables

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.

  • £27 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 training providers

Some students prefer a qualification route with extra learning support. We have recognised a select number of CeRER training course providers offering to help support your learning and understanding of the concepts and materials.

CeRER  training courses are optional and do not include our CeRER  qualification registration fee. You will still need to register and complete the CeRER  qualification through us, as we are the only provider who can award CeRER.

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.

If you have any concerns, Sue Sedwell, Head of Accreditation: ssedwell@libf.ac.uk will be happy to help you.

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.

How to book your exam

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

Your registration fee includes the qualification study materials, and the first sitting of your exam and/or coursework. You will also gain access to MyLIBF (our student portal). Some qualifications include a hard copy of the study text, access to student forums, tutor forum support and specimen papers.

If you need to resit your exam or coursework, you will need to register and pay for a resit.

In line with our charitable objectives, we make means-tested bursaries available to students studying our qualifications.

Bursary information

If you would like to apply for a bursary, please email our Student and Customer Services team or call them on +44 (0)12 2781 8609. Please ensure that you have details of the qualification you intend to study when contacting us. 

Recognition of Prior Learning (RPL):
Recognition of Prior Learning (RPL) encompasses a student’s previous non-certificated and certificated achievements obtained through another awarding organisation. This has previously been known as an exemption.

Please read our Recognition of Prior Learning Policy as it explains the steps to take when applying. Your application will need to include certified copies of your qualification certificate or transcript.

We aim to provide an outcome within 10 working days. If we need longer, we will let you know.

Special consideration:
The Special Consideration Policy applies to students who believe they have been disadvantaged during, or before, an assessment because of an injury, illness or other unforeseen temporary circumstance beyond their control that may have adversely affected their performance in one or more assessments.

Please read our Special Consideration Policy as it explains the steps to take when applying. Your application will need to include supporting documentation.

Given the individual nature of special consideration claims, we would recommend that you contact our Student Support team on +44 (0)1227 818609 or support@libf.ac.uk for an informal discussion before you submit your application.

For your claim to be considered, you must have initially notified us of your circumstances on or before the submission deadline for coursework or within five days of the exam date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.

We aim to provide an outcome within 5 – 10 working days. It may take longer if your application is referred to the Concessionary Board.

Reasonable adjustment:
We are committed to providing an inclusive educational experience for all students, regardless of any disabilities or learning difficulties they may have and realise that, without reasonable adjustment, students may be prevented from demonstrating their true level of ability during an assessment.

Given the individual nature of reasonable adjustments, we recommend that you contact our Student Support team on +44 (0)12 2781 8609 or support@libf.ac.uk for an informal discussion before you submit your request. This will allow us to fully understand the nature of your circumstances and advise you on the type of supporting evidence required.

The Reasonable Adjustments Policy explains the steps to take when applying and has an application form included. Your application must be received, with supporting documentation, at least six weeks prior to the date when the adjustment will need to be in place.

You have 14 calendar days from your course start date to cancel your registration and arrange a refund by calling our Student and Customer Services team. You will need to return any hard copy study texts in its original condition.

After this period all fees are non-refundable and non-transferable.

If you have booked your exam with Pearson VUE (and are within the cancellation period), you will need to contact them directly at least 24 hours prior to the exam date to cancel it. Then allow at least two hours before calling our Student and Customer Services team to cancel the qualification registration and arrange a refund.

Contact Pearson VUE on +44 (0) 370 608 1915 (Europe, Middle East, Africa region).

Electronic Pearson VUE exam:
Before your registration expiry date you can cancel your exam or change your exam date, time or venue (subject to availability). You will need to contact Pearson VUE directly, giving a minimum of 24 hours’ notice online or at least one working days’ notice by phone prior to your current exam booking. For example, if your exam is booked for a Monday, the latest you can reschedule is the previous Friday.

Pearson VUE can be reached via the details given on your Important Registration Information link on MyLIBF or our ‘Exam booking and information’ page.

Session based exams (set exam date as per study timetable) including Advanced Financial Advice (AFA):
Please telephone Student & Customer Services directly to discuss your options. You may be able to change your venue, but will need to call us at least eight weeks before your exam date to check.

For all exams, if you are unable to provide the required notice due to significant mitigating circumstances, such as sudden illness, please contact Students and Customer Services straight away as you may be eligible for Special Consideration. Supporting documentary evidence is required for a Special Consideration application.

Making a result enquiry:
If you believe there has been an error in the marking of your assessment, you can apply for a result enquiry.

The Assessment Result Enquiry Policy explains the steps to take when applying and has an application form included. Your application must be received within 10 working days after we have communicated your assessment results.

This policy does not apply to students who believe their performance during an assessment may have been affected by external factors, for example noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.

Appealing a decision:
You have the right to appeal to us to review decisions that have been made in the course of the assessment of your programme of learning. An appeal may only be submitted in relation to a final decision.

Please read our Appeals Policy as it explains the steps to take when applying, in particular section B 'making an appeal'. Your application must be received within 15 working days after we have communicated the outcome of a decision.

Making a complaint:
A complaint should be made if you are dissatisfied by one of our products or services as soon as possible, but no later than 10 working days from the date of the occurrence.

We deal with all complaints as promptly as possible and within clearly defined timescales. The stages for handling a complaint are listed in our CPQ Complaints Policy.

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