What is a CeRER qualification?
12 November 2021
Equity release products have become a highly sought-after financial service for people exploring their options for retirement planning. Mortgage advisers who wish to add equity release to their service portfolio need to hold an appropriate, recognised qualification before they can legally offer these services to their clients.
Successfully completing a CeRER course with Simply Academy is your pathway to providing equity release advice, but what is a CeRER qualification and why should you choose to study CeRER?
Why is Equity Release in demand?
Equity release allows homeowners to release capital from their home without the need to sell the property, on the basis of an agreement that they will repay the money in the future. The sale of equity release products, including lifetime mortgages and home reversion plans, is regulated by the Financial Conduct Authority (FCA).
For many older homeowners, their property is the most significant asset they possess and equity release has become a popular part of retirement planning. With the housing market remaining buoyant and more equity release products becoming available, demand for professional equity release advice is likely to remain high.
And for mortgage advisers, adding equity release to your portfolio makes good commercial sense. It’s important to ensure that you enrol on a high quality training course so that you can provide your clients with the high quality services they require.
Why study the CeRER qualification?
The Certificate in Regulatory Equity Release (CeRER) is one of the regulated equity release qualifications for qualified mortgage advisers, which allows you to offer advice on equity release products.
The CeRER qualification will equip you with the in-depth knowledge required to provide sound financial advice to your clients, including the legal and regulatory aspects that they need to take into consideration.
The course is divided into two units which cover topics such as when equity release may be appropriate, the types of equity release available and the advantages, disadvantages and potential risks involved. You’ll also learn how to select the right equity release solutions to meet your clients’ individual circumstances.
As a qualified Equity Release Adviser, you will be able to work in roles such as Mortgage Adviser or Senior Mortgage Adviser. And you’ll start to benefit even before you start offering equity release products, as studying CeRER will also contribute towards your annual CPD requirement.
Who can study for the CeRER Qualification?
If you wish to undertake equity release training, you will need to be a qualified mortgage adviser. You should already hold the Certificate in Mortgage Advice and Practice (CeMAP) qualification or an equivalent qualification for mortgage advisers.
Once you’ve passed CeRER, you will be able to confidently offer equity release advice and recommend appropriate equity release products for your clients’ needs. This makes the CeRER qualification a great way to enhance your CV and expand your service portfolio.
Studying the CeRER qualification with Simply Academy
CeRER is a Level 3 FCA-approved Equity Release qualification which is accredited by Ofqual and awarded by the London Institute of Banking & Finance (LIBF). CeRER courses from Simply Academy cover the syllabus in four tutorials over two days, and once you’ve completed your training you will need to sit a two hour multiple choice equity release exam.
Simply Academy’s CeRER course is delivered via Live Webinar, which means that you can study it from any location. You’ll benefit from small class sizes, clear course materials and support from industry-experienced tutors. And with regular course start dates throughout the year, it’s the convenient way to qualify as an equity release adviser.