ER1 Equity Release

Learning Outcome 1

Know the definition of equity release, home reversion plans, lifetime mortgages and alternative methods of equity release / capital raising.

Learning Outcome 2

Understand the principles of equity release, the types of equity release schemes available and the circumstances for which such schemes might be appropriate.

Learning Outcome 3

Understand the types of consumer at whom equity release is targeted and their personal requirements wants and needs.

Learning Outcome 4

Understand the circumstances in which equity release may be appropriate and how these are influenced by consumers’ preferences and financial needs.

Learning Outcome 5

Understand the impact on consumers’ future options.

Learning Outcome 6

Understand the key features, relative advantages and disadvantages of different types of equity release arrangements and principle alternatives.

Learning Outcome 7

Understand the rules relating to State benefits and taxation, the sources of information and specialist advice regarding the implications on these.

Learning Outcome 8

Analyse the suitability and affordability of the different types of equity release plans and the main alternatives for different types of customer.

Learning Outcome 9

Assess the advantages, disadvantages and potential risks to consumers associated with taking out equity release and when these may arise.

Learning Outcome 10

Assess the relative levels of risk for different consumers taking account of their individual circumstances.

Learning Outcome 11

Apply suitable equity release solutions to the circumstances of different types of consumer.