NN6 8SN. We are the industry body for the UK equity release sector; representing the providers, qualified financial advisers, solicitors, intermediaries. Can't find what you're looking for? If equity release is recommended then we’ll show which plans you qualify for, which one we suggest for you, exactly how much you could release and all the costs involved. Request a Callback 0800 411 8668. This amendment is subject to an ongoing review and the Equity Release Council will notify its members and the wider sector of any changes. It was initially recognised as Safe Home Income Plans, or SHIP until it was re-launched in 2012 and broadened its reach from equity release providers to financial advisers. The level 3 Certificate in Equity Release meets the FCA’s requirement for mortgage advisers and those advising on equity release schemes. Church Lane Thornby an Equity Release Council recognised certificate, when they are satisfied that you fully understand your rights, obligations and benefits. Aviva – Health and Lifestyle webinar – CPD certificate available. 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. 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. In addition to developing advisory skills, the Certificate offers an understanding of equity release regulation, products, market practice, and customer needs. Michael Usher Mortgage Services Ltd is an appointed representative of HL Partnership … To maintain these high standards in equity release advice I am a member of the Equity Release Council and I am … ©2020 Equity Release Council. Evans (pictured) will be chief examiner for the level three Certificate in Regulated Equity Release (CeRER) at the London Institute of Banking & Finance. Join us for our third event in our Equity Release webinar series ‘personalisation; customer benefit or advice dilemma’ where we will be looking at the advice considerations relating to your client’s Health and Lifestyle. 09 Dec 2020 - 4:46 pm. For lifetime mortgages which meet Equity Release Council standards, your estate will never owe more than your properties worth. There are two types of equity release; Lifetime Mortgages and Home Reversion plans. The Old Rectory Feefo has … SHIP (Safe Home Income Plans), today announces clarification of their safeguards to the equity release sector through a change to the SHIP certificate.Alongside the existing protection provided by the certificate, solicitors working on an equity release case must now sign a clause asserting their independence from the lender and the financial adviser, confirming that they have received nor offered … 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. Equity Release Council the loan amount repayable on death, whether part or all of the property is being sold. All Rights Reserved. All Equity Release Council plans carry a no negative equity guarantee. Affiliate members are those who have an interest in the UK equity release market. File size: 152 KB | Type: pdf | Resources. Why choose Bread and Butter Advice? Once you have decided to proceed with your Equity Release, you will then need to instruct your Solicitor. When you finish your CeRER course and pass your … Each rule is accompanied by a set of guidance or activities which will help a member firm demonstrate compliance with the rules. Equity Release Council is a consumer trade body - Equity Release Bournemouth. All our Advisers are qualified in both CeMAP (Certificate in Mortgage Advice and Practice) and CeRER (Certificate in Regulated Equity Release), and so, fully compliant with the Financial Conduct Authority’s regulatory requirement to advise on Equity Release plans. 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. NOTE "Premier Equity Release Club" does not offer financial conduct regulated advice. Guidance notes for stay at home process. how the loan amount will change, or whether part or all of the property is being sold. Did You Know? The Equity Release Council certificate will clearly state the main cost to the householder’s assets and estate. Updated Certificate in Regulated Equity Release – full details revealed 04 November, 2019 Heather Tilston The London Institute of Banking & Finance has revealed full details of the changes being made to its Certificate in Regulated Equity Release (CeRER), which is now live on its website. The Equity Release Council’s code of practice ensures that all member companies provide a full and easy to understand presentation of their plans. or email: [email protected] × Home Page Equity Release Explained. Reviews. All Rights Reserved. Legal firms who are members and well experienced in this particular field are also listed in our member directory. The Equity Release Council aims to protect the customer by putting safeguards and guarantees in place so that the customer has better knowledge, treated fairly and able to confidential make their decision if equity release is right for them. This equity adviser course is split into two units and assessed within one module. MOVING HOUSE. “This updated certificate provides advisers with a solid grounding in everything they need to know about the market, products and regulations to enable them to give their customers the best advice possible – with practical examples that really help bring this to life.” A digitally enhanced course site has been developed which includes videos, quizzes and animations. For free initial advice call: 01202 416856 or 07862 708429 . The new exams take effect in January 2020. Therefore, if your property is worth less than the outstanding balance owed to the lender, the lender will enforce the No Negative Equity Guarantee and your estate will only owe the sum your property sells for. All of our members have agreed to abide by the Council rules and have signed up to the Statement of Principles. The Equity Release Council (ERC) exists to promote high standards of conduct and practice in the area of advice on equity release products. Our Equity Release specialist brokers are fully qualified and have completed the Certificate in Regulated Equity Release … By signing the certificate, solicitors acknowledge that the essential features and implications of that plan have been brought to the attention of the purchaser. There are two types of equity release; Lifetime Mortgages and Home Reversion plans. Members display the Equity Release Council’s logo on their literature as a guarantee to their customers that they observe the code of practice. That way you’re clear on everything. Certificate in Regulated Equity Release (CeRER) Support your customers to release value in their homes with the appropriate equity release schemes. ©2020 Equity Release Council. Providers are firms that are authorised by the financial services regulator to provide regulated lifetime mortgages and/or home reversion plans. The Equity Release Council certificate will clearly state the main cost the householder’s assets and estate e.g. Equity release allows individuals aged 55 and over to release money from the property they live in without having to make any monthly repayments. All members are required to be aware of and comply with the full set of rules. Equity Release Explained Your options The options for equity release FAQs About us. This means customers will never owe more than the value of their home and no debt will ever be left to the estate. 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. 6. Is equity release right for me? The Equity Release Council certificate signed by the solicitor is there to ensure clients are aware of the terms and implications of the plan including the impact of equity release on their estate. It is probably wise to instruct a Solicitor who is local to you as your Solicitor will need to meet with you face to face during the transaction. What is the Equity … You will earn 30-minutes CPD as we cover: The relevance of health to Lifetime Mortgages Understanding … How much equity can I release? View all; Q&A Videos. About us Your privacy Terms and conditions Contact us Equity Release Council . New course content includes … We are specialists in advising the older client, qualified to the highest levels and passionate about giving correct advice and help. He is a Qualified Member of the Chartered Insurance Institute (CII), The London Institute of Banking & Finance (LIBF) and The Equity Release Council (ERC). Proportion of over-55s worried about running out of money in retirement increases to over a third (34%) over the last... Advisers are central to the process of considering, evaluating and entering into an equity release contract and their advice is a requirement of the Financial Conduct Authority. 6. Download. LiveMore Capital joins ERS panel. SHIP (Safe Home Income Plans), today announces clarification of their safeguards to the equity release sector through a change to the SHIP certificate.Alongside the existing protection provided by the certificate, solicitors working on an equity release case must now sign a clause asserting their independence from the lender and the financial adviser, confirming that they have received nor offered any financial remuneration to the adviser or intermediary from the transaction. Registered office 96 Burman Road, Shirley, Solihull B90 2BQ. OneFamily is to host a free virtual masterclass and Q&A session with David Burrowes, the chairman of the Equity Release Council. The Council represents the providers, qualified financial advisers, solicitors, intermediaries and surveyors who work in the equity release sector. Always look out for our logo on their literature and whichever legal adviser you choose ask them about what experience they have in this area. The ERC Code of Practice 1. Preview. Its roles include: Offering you all the information you might demand on … Although this already part of the SHIP code of conduct, this clarification of the safeguard leaves no room for misunderstanding. And no debt will ever be left to the householder ’ s according to a report from the Equity Council. Each rule is accompanied by a set of rules your estate will never owe more than the value of Home... 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