Course description
CeRER Certificate in Regulated Equity Release (Level 3)
In today's economic climate, the mortgage market is expanding, and individuals and organisations must keep ahead of market trends, offering the latest in services, such as equity release. This equity release training course will teach you about the equity release market and the certification will let you legally provide advice in this field.
There is a wide range of equity release products available, and this qualification will enable you to examine your customer's needs and provide the right advice on the different products at your disposal, as well as all the associate risks.
This course benefits from our Exam Pass Guarantee*.
During this CeRER®Equity Release course you'll 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
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Suitability - Who should attend?
This CeRER training course is suitable for anyone who currently holds aCeMAPcertification or Level 3 Mortgage Qualification and who wants to advise on equity release products. It would also be beneficial for companies looking to add additional products to their portfolios and expand their range. If you're currently studying for your CeMAP qualification, this makes an excellent addition to your studies.
Prerequisites
Anyone may register to study a CeRER qualification, however, to complete the qualification you must either hold a Level 3 Certificate in Mortgage and Practice (CeMAP) or an equivalent qualification to CeMAP.
If you do not hold either qualification, we advise that you to first register for theCeMAP Modules 1, 2, & 3.
Outcome / Qualification etc.
Accreditation: Certificate in Mortgage Advice and Practice (CeMAP)
Training Course Content
This is a two-day immersive course, focussing on the two units required to take the examination for the Level 3 Certificate in Regulated Equity Release (CeRER) designation.
Unit 1 – Fundamentals of Equity Release
- The principles of equity release
- Types of schemes available and the circumstances in which equity release may be appropriate
- The advantages, disadvantages and potential risks to consumers
Unit 2 – Equity Release Solutions
- Selecting suitable equity release solutions to meet circumstances of different types of consumers
Why choose e-Careers Ltd
We have successfully trained over 610,000 learners, from over 50 countries, and growing.
We are industry leaders, with multiple awards and over 10 years experience.
Our Trainers and Tutors are industry experts in their fields
Expenses
Tuition Fee: £ 375Inc. VAT
Continuing Studies
If you are a Mortgage Adviser looking to offer a wide range of products and service, such as Equity Release, this qualification is ideal for you. Once you have completed the full CeRER qualification and exam, you can start to advise clients on a range of Equity Release options, which will open up new customers for you and your business. There are many people in the UK looking for solutions on how to release equity from their homes, and you will be able to advise them on their best optionsavailable. This in turn opens an additional revenue stream for both yourself and your organisation.
If you would like to offer advice on Equity Release, but are currently not working as a Mortgage Adviser, or you have not year earned your CeMAP qualifications, it's best to start with aCeMAP Modules 1,2 & 3course.
Typical Salaries
With an average salary of £30k* and OTE in excess of £50k* per annum, Mortgage Advisers have an excellent earning potential, and with more products and services available, the opportunity for an increased commission rises also.
Other job roles in this field:
- Private Banking Assistant – £33k*
- Relationship Support Assistant – £33k*
- Protection Adviser – £50k*
- Business Owner – Mortgage Adviser – £30-£55k+*