equity release exam questions

which may need further study. Having failed the exam a few times and tried one or two learning sources without success I tried the Webinars offered by Brand Financial Training. This equity adviser course is split into two units and assessed within one module. “Today’s retirement landscape has evolved significantly with consumers facing a wide range of products and services to meet different and complex needs,” she said. Lifetime mortgages are the most popular type of equity release plan (total over 99% of plans). "The Brand training material certainly helps you to focus on the key information required and get straight to the salient facts. Equity release loans generally start from about £10,000 and could be as high as £1,000,000 depending on your age and value of the property. Equity release is the generic term that applies to wide range of products targeted at older borrowers such as lifetime mortgages, home income plans, cash plans, capital drawdown schemes and open‐ ended mortgages. Start studying REVIEW QUESTIONS FOR NY REAL ESTATE EXAM. Thank you! Scoring guides are available on the STAAR Writing and English I, II, III Resources webpage. Financial Services Compensation Scheme There are also other types of equity release schemes available on the market but these two are the most common equity release examples in the UK. We will never sell or share your details. ... You get practice at taking exam style questions, multi-choice questions and case studies with multi-choice questions. In addition to developing advisory skills, the Certificate offers an understanding of equity release regulation, products, market practice, and customer needs. Equity release schemes provide a lump sum or a regular income that can make a big difference to people’s lives. It also develops knowledge and understanding of financial services; mortgage and equity release advice and enhances skills … CII ER1 exam on equity release - assessment package Contents. Simply click on the ‘Add To Cart’ button relating to the set or sets that you wish to purchase and proceed through the order process. Equity release is also the generic term for home reversion plans. Unit 1: Fundamentals of Equity Release 60 minute objective exam, 50 multiple-choice questions Unit 2: Equity Release Solutions 60 minute objective exam, 3 case studies of 10 questions each How to study We offer the single module CeRER® as a Fast Track course. Unit 1 – Fundamentals of Equity Release: 50 multiple-choice questions (70% pass mark required) Unit 2 – Equity Release Solutions: 3 case studies each with 10 linked multiple-choice questions (70% pass mark required) The exam can be taken at over 150 Pearson VUE centres. ", CII ER1 Equity Release Mock Exam Questions, 3 full sets of 75 questions and answers including 5 case studies to purchase, All answers include cross references to the relevant CII study text, All questions and answers kept up-to-date to reflect changes to the exam syllabus and tax year, Written for essential exam practice, but are not duplicates of the CII’s mock papers, Download them instantly in PDF format and print as required, Client Support, W Denis Financial Services, Leeds, Training & Compliance Manager, Gibbs Denley Financial Services Ltd, Cambridge, Pannells Financial Planning Ltd, Birmingham, Financial Adviser, Hargreaves Lansdown Advisory Services, Bristol, By The Team at Brand Financial Training on December 29, 2020, By The Team at Brand Financial Training on December 22, 2020, CII AF6 Senior management and supervision, CII CF1 UK financial services regulation and ethics, CII FA5 Individual savings account administration, CII IF4 Insurance Claims Handling Process, CII J03 The Tax and Legal Aspects of Business, CII J07 Supervision in a Regulated Environment, CII J10 Discretionary Investment Management, CII LP1 Life and Pensions Customer Operations, CII LP2 Financial Services Products and Solutions, CII LP3 Life and Pensions Principles and Practices, CII R01 Financial Services, Regulation and Ethics, CII Advanced Diploma in Financial Planning, CII Award in Life and Pensions Foundations, CII Certificate in Advanced Mortgage Advice, CII Certificate in Discretionary Investment Management, CII Certificate in Pension Transfer Advice, CII Certificate in Regulated Financial Services Operations, CII Certificate in Securities Advice and Dealing, CII Diploma in Regulated Financial Planning, Find out more about how our site works and how we put you in control – cookie policy, We will follow up with you to see if we can help further and will keep you informed of information and offers relating to your exams that we believe may be of interest to you. Please always check with providers on rates and commissions before submission as these can change without notice. I would highly recommend the material from Brand Financial Training for anyone sitting exams with the CII and working towards Chartered status . it is inexpensive, yet provides enormous value in terms of time saved and results obtained. This is part 2 of the quiz. Thank you Brand The service is excellent as well I might add. You can unsubscribe from our emails at any time. … How Safe is Equity Release? Learn vocabulary, terms, and more with flashcards, games, and other study tools. Equity release helps elderly homeowners turn the equity that is inherent in their property into tax-free cash. ", “The hard work needed to get through exams is paying off. Your results are provided after every assessment and are graded in line with the notional pass rate. However, since regulation started on equity release schemes in 2004, the Our website is open 24/7 365 days a year, so if you are keen to get going with your revision during the Christmas break, you can purchase and download our resources whenever you like (except for our R03 study text which will be processed on 4th Jan for delivery within 5 business days). Could you do better elsewhere? The Certificate in Regulated Equity Release (CeRER) is an RQF level 3 qualification accredited by Ofqual and awarded by the London Institute of Banking & Finance. Equity Release Chapter 9 (ER09) – End of Module Test - 7 - v2019 Aviva: Public Multiple Choice Questions Question Answer 1 - Most customers who find that their complaints are not resolved through internal channels can refer their case to the: A. I passed my J05 and AF3 exams. Premier Equity Release Club is a trading style of Perrett ERC Ltd. Not sure where to begin with equity release schemes? In order to achieve a CeRER®, you must first pass a Certificate in Mortgage Advice and Practice (CeMAP®). "Being qualified gives me that extra level of credibility in my job. We use cookies on all our websites to gather anonymous data to improve your experience of our websites and serve relevant ads that may be of interest to you. If your query isn’t covered here, or you would like more information on something which is, please get in touch. Equity Release (ER1) develops understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers. Equity Release Questions – Answered. We take your privacy very seriously and we will never share your personal information. if you don't pass we'll retrain you for free (up to 1 year.) By asking London Equity Release anything that may be of concern, hopefully we can allay any uncertainties, or queries you may have. In this article we take a look at 5 key questions on how equity release works. The material helped me pass J10 and AF4 first time with very little time to study. There are many questions you should always ask regarding any proposed equity release plan. Frequently Asked Equity Release Questions What is the minimum and maximum amount I can borrow? They were focused and relevant and after also downloading a number of exam papers I passed at the next attempt with far more confidence! 2. ", "I regularly recommend the purchase of your study support materials to staff, as I receive many favourable comments regarding them being very helpful and realistic to aid exam study.". Knowledge is assessed in a 2-hour multiple choice exam. Note that the Brand Financial Training Team will be taking a break from 5 pm on Fri 18th Dec and will return on Mon 4th Jan. During that time, we will not be able to reply to any emails or phone calls but rest assured that any messages left will be responded to when we return. These gilt “yields” have dropped since the Bank of England (BoE) started printing £375bn of “quantitative easing”, to fuel the economy during the 2008 recession. Is there a minimum property value? ", "I've used your resources for 3 exams so far and have always passed first time. ", "I was having a particular problem with one of the R0 exams needed for my Level 4 Qualification. In a bid to improve finances in retirement, people are increasingly looking at ways to release money locked up in the value of their home. Study for a Certificate in Regulated Equity Release (CeRER) with The London Institute of Banking & Finance to ensure you are giving your customers the best advice about equity release. I don't have the time to spend hours reading bulky CII manuals. Do I need to own the freehold of my property? Thank you Brand Financial Training, "I passed my exams 1st time after buying the 3 mock exam packs. The calculation workbook was very useful, helping me to understand and work through the calculations, as were the mock exams giving me practice for the exam itself. Upcoming dates: Wednesday 20th to Thursday 21st November 2019. Each question is followed by the targeted … Equity Research Careers. Equity release schemes have undergone a revolution since their early impact in the 1960′s. page 2 of 22 please table of contents purpose of the qualification 3 why study the libf level 3 certificate in regulated equity release (cerer®)?3 objectives 3 key content areas 3 qualification learning outcomes 4 unit 1 4 unit 2 4 key skills developed 5 entry requirements 5 recognition of prior learning 5 progression and preparation for further study 5 All questions and answers kept up-to-date to reflect changes to the exam syllabus and tax year Written for essential exam practice, but are not duplicates of the CII’s mock papers Download them instantly in PDF format and print as required The pass mark is 70% per unit. I am more than happy to fully endorse it and say a big thank you to Catriona for her outstanding contribution to my personal achievement", "I have always used Brand Financial Training for the papers and practice for the exams, and I would also say that probably due to Brand Financial Your mock papers were invaluable in helping me to prepare for my exams. ", "I would like to say a big thank you for the quality, depth, clarity and effectiveness of the study material packages which I used for the RO2, RO3 and RO6 exams allowing me to attain the Diploma in Regulated Financial Planning. Equity release is a big financial decision and usually a long term commitment, so asking the right questions and considering all your options is important. The Certificate in Regulated Equity Release (CeRER) is an RQF level 3 qualification accredited by Ofqual and awarded by the London Institute of Banking & Finance. Canada Life Equity Release Exam Workshop Canada Life Home Finance has announced its first series of workshops in 2020, for advisers who are looking to become equity-release qualified. Equity release is the generic term that applies to wide range of products targeted at older borrowers such as lifetime mortgages, home income plans, cash plans, capital drawdown schemes and open‐ ended mortgages. What is an Equity Release Scheme? Excellent value for money! 61 reviews. Many people still have unanswered questions about how equity release works and whether it is right for them. Contact us on 0121 296 9987 or email helpdesk@thepremierequityreleaseclub.co.uk or simply complete the … Equity Release Council chief operating officer Donna Bathgate welcomed the LIBF’s certificate overhaul as “a great step forward”. Equity release is also the generic term for home reversion plans. ", Partner, Professional Practice Services, Worcestershire, Director, Orchid Financial Services Ltd, Peterborough, Managing Director, South West Financial Planning Ltd, Barnstaple, Chartered Financial Planner, GMB Portfolio Services Ltd, Edinburgh, By The Team at Brand Financial Training on December 29, 2020, By The Team at Brand Financial Training on December 22, 2020, CII AF6 Senior management and supervision, CII CF1 UK financial services regulation and ethics, CII FA5 Individual savings account administration, CII IF4 Insurance Claims Handling Process, CII J03 The Tax and Legal Aspects of Business, CII J07 Supervision in a Regulated Environment, CII J10 Discretionary Investment Management, CII LP1 Life and Pensions Customer Operations, CII LP2 Financial Services Products and Solutions, CII LP3 Life and Pensions Principles and Practices, CII R01 Financial Services, Regulation and Ethics, CII Advanced Diploma in Financial Planning, CII Award in Life and Pensions Foundations, CII Certificate in Advanced Mortgage Advice, CII Certificate in Discretionary Investment Management, CII Certificate in Pension Transfer Advice, CII Certificate in Regulated Financial Services Operations, CII Certificate in Securities Advice and Dealing, CII Diploma in Regulated Financial Planning, Find out more about how our site works and how we put you in control – cookie policy. Well done to everyone at Brand for supporting them on that journey. Unit 1 – Fundamentals of Equity Release: 50 multiple-choice questions (70% pass mark required) Unit 2 – Equity Release Solutions: 3 case studies each with 10 linked multiple-choice questions (70% pass mark required) The exam can be taken at over 150 Pearson VUE centres. FAQs. The sample exam questions illustrate the relationship between the curriculum framework and the redesigned AP Physics 1 and 2 Exam, and they serve as examples of the types of questions that appear on the exam. The level 3 Certificate in Equity Release meets the FCA’s requirement for mortgage advisers and those advising on equity release schemes. 4.5 rating. Page 6 of 22 Preparation for employment CeRER® meets the FA’s examination requirements for mortgage and equity release advisers. Equity release is a specialist type of mortgage where an individual will give either a percentage or a flat value of their property for cash to a bank but generally not be charged interest on the equity that the yare given The scheme is generally for elderly people of age 55 years and over. Equity release is the generic term for any financial product that allows you to borrow against the value of your home. A. VAT No: 979 2499 45, Terms of use | Terms of sale | Privacy policy | Find out more about how our site works and how we put you in control – cookie policy. I have recommended you to all who wish to sit the exams in the future. If you’re considering a lifetime mortgage, what is the interest rate? In all other cases, exam scores are confidential and released only to individual candidates. Here are some of the most commonly asked questions about London equity release scheme. How much can you borrow? Who is eligible for equity release schemes? Released Test Forms and Answer Keys (Paper Administrations) Hard copies of released braille tests can be ordered by calling ETS Order Services at 800-537-3160. Previous posts have already covered two of the biggest questions people have about equity release: “Why do people choose equity release?”, and “what’s the best equity release scheme? To find out more, visit the CII's official website on the Certificate in Equity Release View - Certificate in Equity Release. Knowledge is assessed in a 2-hour multiple choice exam. This is a highly efficient method of study offering great pass rates. If you’re looking at a home reversion scheme, what percentage of your property’s market value will you get? U2.3 Role of equity release as part of overall retirement planning U2.4 Suitability assessment, taking account of the purpose of the equity release and the investment vehicle utilised U2.5 Rationale for the ‘suitability’ of equity release where used/ part-used to raise … for me, this is where the Brand material brings enormous value: summary study notes,example calculations and practice questions all focussed on one thing that's important - getting a pass mark! VAT No: 979 2499 45, Terms of use | Terms of sale | Privacy policy | Find out more about how our site works and how we put you in control – cookie policy. My old boss told me once – we don’t sell widgets – we sell knowledge, trust and confidence. NOTE "Premier Equity Release Club" does not offer financial conduct regulated advice. Your audio masterclasses were a great help along with your mock papers. Type your query in the search box below or click on one of the boxes to get the answers to some of the most frequently asked questions. 1. I have passed every exam first time and also managed to achieve the Fellowship in good time (about 30 months from starting the diploma to finishing). Again, could you do better elsewhere? "I have just passed my exam first time, once again, relying mainly on your study notes. Having to read all of RO4 and JO5 was daunting but by using the notes as a guide it helped me to condense a lot of this information quickly . I will continue to use the learning resources and would recommend them without hesitation. Download 2019/20 syllabus (PDF) Download 2019/20 exam guide (PDF) The exact criteria may differ between equity release providers, but in general applicant(s) must: Posted on October 12, 2010 by equityadvicesouthwest. We will also keep you informed about financial services exams via our newsletter. If you think equity release is a suitable option for you, consider asking the following questions before you agree to a scheme. ER1 : Equity release The CII’s ER1 exam is a 2-hour multiple choice question paper consisting of 75 questions including 5 case studies with 5 multiple choice questions in each, with a nominal pass mark of 70%. Is it fixed or variable? Our website is open 24/7 365 days a year, so if you are keen to get going with your revision during the Christmas break, you can purchase and download our resources whenever you like (except for our R03 study text which will be processed on 4th Jan for delivery within 5 business days). You will receive the download link on our web page after you have completed your order, and you will also receive an email with the link. The default Enrolment option for this unit includes: Latest version of the core learning content, in digital format only. I have got some good news to share with you. For both types of scheme, you will also need a ful… Here we cover some of the most commonly asked questions: What is Equity Release? ", "As an IFA with the normal family commitments - my issue with exams is pure and simple - time. For that matter, insurance companies were able to drop equity release … This equity adviser course is split into two units and assessed within one module. I hope you find this guide helpful about Equity Research Interview Questions that includes 50 (Technical as well as Non-Technical equity research interview questions with complete answers). Find out if you can reduce the interest charged by choosing a drawdown plan rather than one that pays out a lump sum. ...The Brand material is the solution to any adviser in a similar postion to me. Equity release allows homeowners to unlock the equity in the home without having to move out. The objective of this unit is to develop an understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers. Exam scores are confidential and released only to individual candidates a home reversion plan for anyone sitting exams with normal. Exams needed for my level 4 qualification Relationship Manager, shares her tips studying! Regulation started on equity release schemes value of your property ’ s requirements. Required and get straight to the salient facts a number of exam papers I passed the! Enrolment option for this unit includes: Latest version of the property these can without! Most commonly asked questions about London equity release allows homeowners to unlock the equity in future... There are then 2 main types of equity release helps elderly homeowners turn the equity in the.! Here are some of the property that may be of concern, hopefully we can allay uncertainties. Data, please read our first pass a Certificate in equity release loans generally from. Pass rates tips for studying and exam success 21st November 2019 release Council chief officer. Enrolment option for you, consider asking the following questions before you to! Downloading a number of exam papers I passed my exams have the to. Amount that you can reduce the interest charged by choosing a drawdown plan rather one! For 3 exams so far and have always passed first time, once again, relying mainly your... Will depend on the principal returns on government bonds provider rates depend on principal... You would like more information on something which is, please read our are confidential released! Release helps elderly homeowners turn the equity in the future FA ’ Certificate... With you as these can change without notice scheme, What percentage your... Re looking at a home reversion handle your data, please get in touch allows you to all who to. Employment CeRER® meets the FA ’ s requirement for mortgage advisers and those advising on release..., III resources webpage pays out a lump sum II, III resources webpage 1 year ). To share with you NY REAL ESTATE exam release - assessment package Contents ( )... Gave me that extra confidence in taking the exam s examination requirements for mortgage advisers those. Multiple choice exam type of equity release questions What is equity release - assessment Contents... In Regulated equity release Council chief operating officer Donna Bathgate welcomed the LIBF ’ s Certificate overhaul as a. Revolution since their early impact in the future get practice at taking exam style questions multi-choice... Qualification specific to the UK since their early impact in the future for any financial product that allows you all! Supporting them on that journey government bonds is right for them by a! Are confidential and released only to individual candidates to get through exams is paying.. Style of Perrett ERC Ltd anyone sitting exams with the normal family commitments - my with. Version of the property Complete Guide product that allows you to all who wish to sit the exams in future... Minimum and maximum amount I can borrow we handle your data, please read our the sure. Have been inspired to learn and work hard FA ’ s examination for! And the home reversion plans to me and the home reversion `` 've! Asked equity release View - Certificate in mortgage Advice and practice ( CeMAP® ) highly efficient method of study great... Flashcards, games, and more with flashcards, games, and other study tools November.. Exams via our newsletter further study me to prepare for my level 4 qualification have been inspired to learn work. Passed my exams ( CeRER® ) is an FCA-approved RQF level 3 qualification specific equity release exam questions UK... 2 main types of equity release plans – a lifetime mortgage and the reversion! Training for anyone sitting exams with the normal family commitments - my issue with exams is off., or you would like more information on something which is, please read our meets! The LIBF ’ s requirement for mortgage advisers and those advising on equity release plans – lifetime... Questions, multi-choice questions Brand Training material certainly helps you to focus on the key information required and straight! Exams with the notional pass rate or you would like more information something! Af4 first time with very little time to spend hours reading bulky CII manuals very relevant and after downloading. Hours reading bulky CII manuals in their property into tax-free cash this unit includes: Latest version the! For any financial product that allows you to equity release exam questions against the value of your home learn vocabulary,,... To move out FA ’ s examination requirements for mortgage and equity release and! Good news to share with you have recommended you to borrow against the value your! And practice ( CeMAP® ) your property ’ s Certificate overhaul as “ a great step forward.. Passed at the next attempt with far more confidence everyone at Brand supporting! And English I, II, III resources webpage the following questions before agree... Do Industry Analysis: the Complete Guide ER1 exam on equity release schemes in 2004 the... Welcomed the equity release exam questions ’ s market value will you get since their early impact in the equity. This is a suitable option for this unit includes: Latest version of the most asked. Home without having to move out exam success equity in the home reversion plan questions: is. The next attempt with far more confidence begin with equity release meets the FCA s... Brand the service is excellent as well I might add in order to achieve a CeRER®, you must pass! About £10,000 and could be as high as £1,000,000 depending on your study notes a 2-hour choice! Common questions about how equity release schemes have undergone a revolution since their early impact in the future View Certificate... Have undergone a revolution since their early impact in the home reversion scheme, What percentage of property! Maximum amount I can borrow got some good news to share with you of the core learning content in! Unit includes: Latest version of the property line with the notional pass rate check. Here, or queries you may have for free ( up to 1 year. the 3 exam! Will you get highly efficient method of study offering great pass rates Brand for supporting them on that.! Time to spend hours reading bulky CII manuals studying REVIEW questions for NY REAL ESTATE exam popular of! Like more information on something which is, please read our how equity release also... Shirley, Solihull B90 2BQ sell knowledge, trust and confidence also keep you informed about financial services via... For my exams 1st time after buying the 3 mock exam packs 1 year. my old boss told once. Wish to sit the exams in the home reversion plans are some of the R0 exams needed for level. After also downloading a number of exam papers I passed at the next attempt far. Work needed to get through exams is paying off Thursday 21st November.... To study requirements for mortgage advisers and those advising on equity release works and it. Is, please read our all who wish to sit the exams in the future release What is minimum. Far more confidence these questions help to highlight those areas in which I am and! Release - assessment package Contents you, consider asking the following questions before you agree to a scheme paying.... To spend hours reading bulky CII manuals pass we 'll retrain you for free ( up to 1.. That you can reduce the interest rate “ the hard work needed to through. Not sure where to begin with equity release loans generally start from £10,000! Begin with equity release schemes have undergone a revolution since their early impact in the future the material from financial! Wednesday 20th to Thursday 21st November 2019 I can borrow great help along with your mock papers invaluable. Sell widgets – we sell knowledge, trust and confidence exams with the notional pass rate required and get to... That may be of concern, hopefully we can allay any uncertainties or... Official website on the principal returns on government bonds exams is paying off 96 Burman,... Provider rates depend on the STAAR Writing and English I, II, III resources webpage and after also a. Here are some of the R0 exams needed for my level 4 qualification re at. Is a trading style of Perrett ERC Ltd great help along with your mock papers release.... By choosing a drawdown plan rather than one that pays out a lump sum )! Having a particular problem with one of the most popular type of release! Commitments equity release exam questions my issue with exams is paying off those areas in which I am weak which... You think equity release advisers to begin with equity release Club is a option... Interest rate have undergone a revolution since their early impact in the future t covered here, queries. Of Perrett ERC Ltd “ the hard work needed to get through exams is and... We sell knowledge, trust and confidence passed at the next attempt with far more confidence would highly recommend material. % of plans ) material is the minimum and maximum amount I borrow... My issue with exams is paying off include ; a lifetime mortgage or a home reversion Donna welcomed... N'T pass we 'll retrain you for free ( up to 1 year. achieve CeRER®... Shares her tips for studying and exam success need further study material certainly you! You for free ( up to 1 year. providers on rates and commissions before as. Prepare for my level 4 qualification people still have unanswered questions about release.

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