Each rule is accompanied by a set of guidance or activities which will help a member firm demonstrate compliance with the rules. Bathgate, … NN6 8SN. 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 » Make sure you are … 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. They want more advisers to be able to refer customers to different products where appropriate – whether the right product is a residential, equity release or retirement interest-only mortgage – rather than operating in solos. 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. He is a Qualified Member of the Chartered Insurance Institute (CII), The London Institute of Banking & Finance (LIBF) and The Equity Release Council (ERC). Evans (pictured) will be chief examiner for the level three Certificate in Regulated Equity Release (CeRER) at the London Institute of Banking & Finance. 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. OneFamily is to host a free virtual masterclass and Q&A session with David Burrowes, the chairman of the Equity Release Council. 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. All members are required to be aware of and comply with the full set of rules. They will need to advise you on all of the … or email: julia@equity-release.property × Home Page Equity Release Explained. All members in the associates category have an interest in the equity release market and some are direct contributors to the sales and advice process. NOTE "Premier Equity Release Club" does not offer financial conduct regulated advice. The Equity Release Council (ERC) exists to promote high standards of conduct and practice in the area of advice on equity release products. There are two types of equity release; Lifetime Mortgages and Home Reversion plans. These can be sat at over 150 locations throughout the UK. When you finish your CeRER course and pass your … You will earn 30-minutes CPD as we cover: The relevance of health to Lifetime Mortgages Understanding … Legal firms who are members and well experienced in this particular field are also listed in our member directory. 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. There are two types of equity release; Lifetime Mortgages and Home Reversion plans. 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. What safeguards does the Equity Release Council offer? 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. 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. ©2020 Equity Release Council. 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. This is primarily to avoid any conflict of interest between the parties and to ensure that the customer has independent advice. This means customers will never owe more than the value of their home and no debt will ever be left to the estate. 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