This course provides a grounding in the market for equity release products, the products themselves, and the processes involved in advising and selling lifetime mortgages and home reversion plans. Some of the text runs as a sequence, starting with identifying needs and moving through the pre-contract, contract and post-contract stages. However, it seeks to go further by providing a briefing on the economic and legal environment. Experienced advisers may consider some material in the book to be common sense or information that they already know; however, the book also contains insights into things that they may not deal with every day. The material addresses what the products are, and how things are done, but enriches this bringing together of knowledge by explaining why things are done.
In the financial services sector, we are in a unique and privileged position to serve the public, create wealth and solve problems. The more we know, the more we can achieve.
BuildIng a successful career in personal finance
The Certificate in Equity Release meets the FCA’s requirement for mortgage advisers and those advising on equity release schemes. The Certificate provides an ideal next step for holders of the Certificate in Mortgage Advice, requiring completion of just one further unit.
Learning outcomes
At the end of this unit, candidates should be able to demonstrate a knowledge and understanding of:
- principles of equity release and the types of schemes available;
- suitability and affordability of the different types of equity release products;
- risks to the consumer associated with equity release;
- application of suitable equity release solutions according to the circumstances of different consumers.
Assessment
- 2 hour exam
- 50 multiple choice questions
- 5 case studies, each comprising 5 multiple choice questions
- The nominal pass mark is 70% (for more information on nominal pass marks please see here)
- The 2023 pass rate for this unit was 90.9%
Units treated as equivalent
Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.
If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.
Find out more about credit awards for equivalent units
Course delivery
Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.
Revision aids available
The revision aids available for this unit are listed below. You can find more details about these here.
Note for purchasing revision aids: please make sure you do not already have the revision aid(s) as part of any Enrolment plus purchase.
Study material - editions available
2024-25 edition (applicable to exams sat 01 Sep 2024 to 31 Aug 2025)
