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
| 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: | Core |
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% |
| 2018 Pass rate | 63.77% |
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% |
| 2018 Pass rate | 59.62% |
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% |
| 2018 Pass rate | 74.76% |
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% |
| 2018 Pass rate | 89.73% |