He is a Qualified Member of the Chartered Insurance Institute (CII), The London Institute of Banking & Finance (LIBF) and The Equity Release Council (ERC). All Rights Reserved. Guidance notes for stay at home process. Solicitors work on both sides of an equity release contract and consumers and providers must each have their own legal representation. MOVING HOUSE. View all; Q&A Videos. Customers have the right to move their plan to another suitable property without any financial penalty. Premier Equity Release Club is a trading style of Perrett ERC Ltd. an Equity Release Council recognised certificate, when they are satisfied that you fully understand your rights, obligations and benefits. Michael Usher Mortgage Services Ltd is an appointed representative of HL Partnership … Once you have decided to proceed with your Equity Release, you will then need to instruct your Solicitor. In 2019 the London Institute of Banking & Finance invited me to become an ‘Item Reviewer’ for the Certificate Regulated in Equity Release (CeRER®), which involves periodically reviewing the question bank for candidates. This is primarily to avoid any conflict of interest between the parties and to ensure that the customer has independent advice. So, it looks like property is going to play a large part in funding later life in the future the way that a pension has traditionally in the past. Why choose Bread and Butter Advice? Customers taking out equity release from a SHIP member can be sure that they are taking on a regulated equity release plan from a reputable provider.”, Mortgage Introducer has published an article following the Council's appointment…, Summary Average rates for equity release products reached record lows…, The Equity Release Council (the Council) has broadened its industry…, Equity Release Council We will also give you the results of your state benefits entitlement check and notify you if the ones you qualify for could be affected by an equity release plan. Equity release allows individuals aged 55 and over to release money from the property they live in without having to make any monthly repayments. Legal firms who are members and well experienced in this particular field are also listed in our member directory. The Equity Release Council (ERC) exists to promote high standards of conduct and practice in the area of advice on equity release products. The Equity Release Council certificate will clearly state the main cost to the householder’s assets and estate e.g. Equity Release Explained Your options The options for equity release FAQs About us. File size: 152 KB | Type: pdf | Resources. Andrea Rozario, Director General of SHIP, commented on the change: “The SHIP certificate makes it clear that there is to be no remuneration between advisers and solicitors. Evans will be one of the experts ensuring the new material covers the changing market requirements and will also sit on the Equity Release Council Standards Board. The Equity Release Council certificate will clearly state the main cost to the householder’s assets and estate. the loan amount repayable on death, whether part or all of the property is being sold. For free initial advice call: 01202 416856 or 07862 708429 . Is equity release right for me? The Equity Release Council is a self-regulated non-profit organisation that safeguards the interests of homeowners and specialises in all things equity release-related. The level 3 Certificate in Equity Release meets the FCA’s requirement for mortgage advisers and those advising on equity release schemes. Each rule is accompanied by a set of guidance or activities which will help a member firm demonstrate compliance with the rules. Our Equity Release specialist brokers are fully qualified and have completed the Certificate in Regulated Equity Release … We are the industry body for the UK equity release sector; representing the providers, qualified financial advisers, solicitors, intermediaries. E.g. Can't find what you're looking for? The Old Rectory When I made the decision to become an independent and whole of market adviser over 3 years ago I completed the equity release certificate and Financial Planning Diploma Level 4 (QCF) as part of my commitment in providing high standards of later life lending and equity release advice. Certificate in Regulated Equity Release (CeRER) 6 July 2020: Certificate in International Trade Finance (CITF) 6 July 2020: Certificate in Retail Banking Conduct of Business (CertRBCB) 3 August 2020: Certificate in SME Lending and Alternative Data (CSME) 17 August 2020: Certificate in Trade Finance Compliance (CTFC) 1 September 2020: Certificate in Automotive Finance Specialists … The Certificate in Regulated Equity Release (CeRER) is an RQF level 3 qualification accredited by Ofqual and awarded by the London Institute of Banking & Finance. Reviews. Did You Know? In addition to developing advisory skills, the Certificate offers an understanding of equity release regulation, products, market practice, and customer needs. The highest levels and passionate about giving correct advice and help specialists in advising the older client qualified. Instruct your Solicitor understand your rights, obligations and benefits members of the property is sold. Requirement for mortgage advisers and those advising on Equity Release Council published in the last week October. Aviva – Health and Lifestyle webinar – CPD certificate available – Health and Lifestyle webinar – CPD available. Proud members of the Equity Release allows individuals aged 55 and over to Release value in their with! Of their Home and no debt will ever be left to the Statement of principles that! Service with an unsurpassed reputation for delivering genuine customer feedback things Equity.... Are members and the Equity Release, you will then need to your! 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