CII Certificate in Equity Release
What is the purpose of this Certificate?
The CII level 3 Certificate in Equity Release focuses on equity release products, regulation and customer needs.
The qualification is for those advising on equity release schemes as well as those in a supporting function.
If you are a CII member and a member of the Society of Mortgage Professionals (SMP), you can use the designation Cert CII (MP & ER).
What do I need to do to achieve this Certificate?
Three units are required to achieve the CII Certificate in Equity Release. These are:
CII Certificate in Equity Release
| Criteria | Details |
|---|---|
| Available units: | R01 Financial services, regulation and ethics, or CF1 UK financial services, regulation and ethics plus CF6 Mortgage advice (compulsory) ER1 Equity release (compulsory) |
| Credits required for qualification: | 50 |
| Level: | 3 |
R01 Financial services, regulation and ethics
| Criteria | Details |
|---|---|
| Credits | 20 - Diploma |
| Exam Format | Online, 2 hours |
| Number of Questions | 100 multiple choice questions (MCQs) |
| Nominal Pass Mark | 65% |
| 2020 Pass Rate | 69% |
CF1 UK financial services, regulation and ethics
| Criteria | Details |
|---|---|
| Credits | 15 - Certificate |
| Exam Format | Online, 2 hours |
| Number of Questions | 100 multiple choice questions (MCQs) |
| Nominal Pass Mark | 70% |
| 2020 Pass Rate | 66% |
CF6 Mortgage advice
| Criteria | Details |
|---|---|
| Credits | 20 - Certificate |
| Exam Format | Online, 3 hours |
| Number of Questions | 100 multiple choice questions (MCQs) and five case studies, each comprising five MCQs |
| Nominal Pass Mark | 70% |
| 2020 Pass Rate | 84% |
ER1 Equity Release
| Criteria | Details |
|---|---|
| Credits | 15 - Certificate |
| Exam Format | Online, 2 hours |
| Number of Questions | 50 multiple choice questions (MCQs) and 5 case studies each with 5 MCQs |
| Nominal Pass Mark | 70% |
| 2020 Pass Rate | 92% |