CeRER Online Course

£270.00

Please note that the training course costs do not include the examination fee which always must be paid directly to the examination body, the London Institute of Banking & Finance (LIBF). This examination cost is £190 per module increasing to £202 from 1 August 2022. Please note our training has been accredited by the LIBF unlike many other training providers.

Description

Your CeRER online video course. All prices are inclusive of 20% VAT.

If you’re looking to advance your chosen career as a professional mortgage advisor, then a home study course to gain a CeRER qualification may be an option worth considering. While you’re already working as an advisor, CeRER home learning can be a convenient option that enables you to study around your existing workload.

What is a CeRER qualification?

A Certificate in Regulatory equity Release (CeRER) is a qualification recognised by the Financial Conduct Authority (FCA) that enables mortgage advisors who possess it to offer advice to clients in the rapidly developing market of equity release.

This level 3 qualification is Ofqual registered, is highly respected and will enhance your CV by showing evidence of a wider range of skills sought after by employers and clients alike.

To start studying CeRER you first must complete either a CeMAP or equivalent qualification in Level 3 mortgage advice.

Taking the initial step to start offering equity release products

After gaining your mortgage advisor initial certifications, why not widen your skill set with a CeRER qualification? This level of certification will enable you to advise clients who want to release capital from their property under an agreement that they make a repayment later, while still living in their home. Demand for equity release is growing fast.

The course is divided into two different parts. The first unit is entitled the Fundamentals of Equity Release. In this unit, advisors will learn the principles for equity release and explore the different kinds of schemes that are available on the market and when each type is appropriate. Advisors will also gain an understanding of the disadvantages, advantages and possible risks faced by clients who opt to release equity. Unit one concludes with an exam comprised of 50 multiple choice questions.

Unit two is called Equity Release Solutions and trains advisors how to apply various options for equity release to different clients depending on their circumstances. To complete this unit, advisors must answer a total of 30 multiple choice questions linked to three separate case studies.

The pass mark for both examinations is 70 percent. Following a successful result, course candidates can add the letters CeRER after their name to inform future clients and potential employers of their new status as an advisor qualified to offer professional equity release advice.

Why choose Beacon Financial Training for your CeRER home study course?

At Beacon Financial Training, we have developed a home study course that offers the best representation of our classroom training in a format designed for busy mortgage advisors. Our comprehensive courses provide advisors with the information they specifically need to pass their exams in a format that is easy to digest.

Learning from home can be a flexible way to study CeRER and allows advisors to pause rewind and replay modules to reinforce their understanding of the subject. Course candidates will also benefit from online support from our lead trainer.

Our home study option can be a more cost-effective study solution, but should candidates wish to swap to a classroom course instead they can do so at any time by paying the difference in price.

All prices are inclusive of 20% VAT.

CeMAP stands for Certificate in Mortgage Advice and Practice. It is the primary qualification for anyone who wants to be a mortgage advisor. The course consists of three modules, followed by an examination. Both the course and the exam must be passed before you can legally offer advice.

Study Options

There are two ways of studying for the CeMAP: online and at a real-world training centre. The one you pick can affect how you pay.

CeMAP Training Payment Options

Choosing to study using an online training company will give you more flexibility in terms of how you pay. An option we offer to our students is to pay the cost in instalments. The other main method available is to pay the full cost of the course upfront – which is what most real-world training centres will require you to do.

Why Choose to Pay in Instalments?

The average cost of the CeMAP course is hundreds of pounds. At Beacon Financial Training, we provide instalment plans for payments that are entirely interest free. This means you know there is no risk of your monthly payments rising beyond a fixed amount agreed at the start.

The payment period is spread across eight months too, which keeps the amount to be paid per month to just £75. Finally, paying for it this way means that you do not lose much money if you decide the course is not for you after starting.

The instalment plan is offered from the moment you add the online course to your shopping basket.

What is a CeMAP qualification?

CeMAP is the recognised industry standard qualification for mortgage advisors. Achieving this qualification will help you launch your new career. The qualification is divided into a set of seven units spread across 3 modules (CeMAP 1, 2 & 3).

In three modules, you'll explore; the purpose and structure of the UK financial services industry, the Financial Conduct Authority’s (FCA’s) main aims, activities and relevant Conduct of Business rules, the house-buying process and parties involved, the different types of customers and mortgages, and how to assess the affordability and suitability of different mortgage options and associated products.

Do I need any prior knowledge before taking the course?

At Beacon Financial Training, we pride ourselves on guiding individuals with no prior experience through the CeMAP training process, ultimately leading to CeMAP qualification.

Exams and Modules

The CeMAP exams are facilitated by The London Institute of Banking & Finance (LIBF). As one of the few Accredited Learning Support Providers (ALSPs) for the LIBF, we prepare you to successfully pass the LIBF's exams through our training courses.

Module Structure

Module 1 (CeMAP 1): UK Financial Regulation (UKFR) – 2 units, 50 questions each
Module 2 (CeMAP 2): Mortgages (MORT) – 4 units, 25 questions each
Module 3 (CeMAP 3): Assessment of Mortgage Advice Knowledge (ASSM) – 1 unit with 6 case studies, 10 questions each

Exam Details

Each module is assessed through a two-hour electronic multiple-choice exam. You can choose your exam dates and locations, including nationwide test centres or remote invigilation.

Registration and Fees

Please note that our training course fees do not include the LIBF registration fees, which are £185 per module (3 modules total). You will have 12 months from registration with the LIBF to complete each module and sit the exam. Your first exam is included in the registration fee for each module.

For more information, contact LIBF at 01227 818609 or visit their website at www.libf.com.

Will I get an accredited certificate of qualification after completing the course?

You won’t get a qualification from only completing our course, but you will be awarded the Certificate in Mortgage Advice & Practice from the London Institute of Banking & Finance (LIBF) after you have passed your exams. See previous FAQ about how the exams work for more information.

What will I learn in CeMAP 1?

Comprising two unique units, the CeMAP 1 course has been carefully developed to provide students with a solid foundation in giving professional mortgage advice.

Unit 1: Introduction to Financial Services and Environment and Products

This first unit is designed to give new advisors a general overview of their new sector and provide them with a strong knowledge base to build upon.

Unit 2: UK Financial Services Regulations

This unit will see participants learn about the UK Financial Services Regulations, allowing them to gain comprehensive knowledge of the strict laws created to guide advisors when assisting their clients with mortgages.

What will I learn in CeMAP 2 & CeMAP 3?

CeMAP 2 and 3 have been specially designed for trainee mortgage advisors to expand their subject knowledge by building on what they have already learned in CeMAP 1.

CeMAP 2: Mortgages

The CeMAP 2 course is divided into four separate units continuing sequentially from the CeMAP 1 course.

Unit 3: Policy, Mortgage Law, Markets and Practice

This unit focuses on four topics essential for understanding mortgages.

Unit 4: Mortgage Applications

This unit instructs trainee mortgage advisors on how to understand and employ the essential documentation specifically designed for mortgages.

Unit 5: Payment Methods for Mortgages

This unit illustrates the different payment methods for mortgages and explores the wide array of products currently available on the market.

Unit 6: Mortgage Arrears

This unit deals with mortgage arrears and any issues that can arise prior to completion, preparing potential advisors for typical obstacles during a mortgage application.

CeMAP 3: Assessment of Mortgage Advice Knowledge

The CeMAP 3 course has only one module, which is about assessing your mortgage advice and knowledge. This unit consolidates the knowledge you gained in Modules 1 & 2 and teaches you how to apply it to different scenarios.