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Equity Release (ER1)

Equity Release (ER1) develops understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers.

The default Enrolment option for this unit includes:

  • Latest version of the core learning content, in digital format only.
  • Assessment entry.

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This course provides a grounding in the market for equity release products, the products themselves, and the processes involved in advising and selling lifetime mortgages and home reversion plans. Some of the text runs as a sequence, starting with identifying needs and moving through the pre-contract, contract and post-contract stages. However, it seeks to go further by providing a briefing on the economic and legal environment. Experienced advisers may consider some material in the book to be common sense or information that they already know; however, the book also contains insights into things that they may not deal with every day. The material addresses what the products are, and how things are done, but enriches this bringing together of knowledge by explaining why things are done.

In the financial services sector, we are in a unique and privileged position to serve the public, create wealth and solve problems. The more we know, the more we can achieve.

BuildIng a successful career in personal finance

The Certificate in Equity Release meets the FCA’s requirement for mortgage advisers and those advising on equity release schemes. The Certificate provides an ideal next step for holders of the Certificate in Mortgage Advice, requiring completion of just one further unit.

Learning outcomes

At the end of this unit, candidates should be able to demonstrate a knowledge and understanding of:

  • principles of equity release and the types of schemes available;
  • suitability and affordability of the different types of equity release products;
  • risks to the consumer associated with equity release;
  • application of suitable equity release solutions according to the circumstances of different consumers.


  • 2 hour exam
  • 50 multiple choice questions
  • 5 case studies, each comprising 5 multiple choice questions
  • The nominal pass mark is 70%
  • The 2020 pass rate for this unit was 92%

Study material - editions available

2020-21 edition (applicable to exams sat 01 Sep 2020 to 31 Aug 2021)