ER1 – Equity release

What does the unit cover?
This unit develops the individual’s knowledge and understanding of the issues around equity release schemes and addressing needs. Individuals need to understand key legislation and regulatory requirements surrounding equity release planning as well as understanding the equity release products and options that are available to address individual needs.

The main syllabus elements are:

At the end of this unit, candidates should be able to understand the:

• 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 solutions according to the circumstances of different customers.

How is it examined?
2 hour, 50 multiple choice questions and 5 case study scenarios each comprising 5 multiple choice questions. Pass mark is around 70%

For information on taking this course, please complete the form below or contact us using the details provided.

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