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CII Certificate in Equity Release

What is the purpose of this Certificate?

The CII Certificate in Equity Release looks at equity release products – home reversion plans as well as lifetime mortgages.

The qualification is for advisers in this area as well as for those in a supporting function.  It covers the UK financial services industry; introduction to the mortgage process; principles of equity release; schemes available; risks; and suitability

If you are a CII member, after achieving the qualification you can use the designation Certs 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

CriteriaDetails
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:Core

R01 Financial services, regulation and ethics

CriteriaDetails
Credits20 - Diploma
Exam FormatOnline, 2 hours
Number of Questions100 multiple choice questions (MCQs)
Nominal pass mark65%
2016 Pass rate57.01%

CF1 UK financial services, regulation and ethics

CriteriaDetails
Credits15 - Certificate
Exam FormatOnline, 2 hours
Number of Questions100 multiple choice questions (MCQs)
Nominal pass mark70%
2016 Pass rate58.27%

CF6 Mortgage advice

CriteriaDetails
Credits20 - Certificate
Exam FormatOnline, 3 hours
Number of Questions100 multiple choice questions (MCQs) and five case studies, each comprising five MCQs
Nominal pass mark70%
2016 Pass rate78.72%

ER1 Equity Release

CriteriaDetails
Credits15 - Certificate
Exam FormatOnline, 2 hours
Number of Questions50 multiple choice questions (MCQs) and 5 case studies each with 5 MCQs
Nominal pass mark70%
2016 Pass rate93.86%