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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.

What 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

  • Online study that fits around your life
  • Digital and hard-copy study materials
  • Qualify in as little as six months
  • Flexible exam dates
  • Student membership
No. of modules             One
Average time to complete You can complete this qualification in six months
How much does it cost?  £210 (includes learning materials and exam entry)
Study type  Self-study, distance learning
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 via MyLIBF to our virtual library KnowledgeBank
  • 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 Pearson VUE test centres nationwide
Regulation 
Registered with Ofqual in the Regulated Qualifications Framework (RQF). Meets the FCA regulatory requirements to advise on equity release





















Modules

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

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

Module 1 - Equity Release

Unit 1: Fundamentals of Equity Release

Unit 2: Equity Release Solutions

 

Understand the equity release market and the regulations associated with the different types of schemes available. 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.

Studying

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 support

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)

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

Exams can be taken at a time and location to suit you. All exams are booked with Pearson VUE in one of their 150 test centres nationwide with same day results.

You will have 12 months to complete both units and sit the exam.

Find out how to book your exam 






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