Please note that as of 6 April 2007, the CeLTM qualification will be replaced by the Certificate in Regulated Equity Release (CeRER). As of 5 March 2007, we will not be accepting any further registrations for the CeLTM qualification. For further information on this, please call Customer & Student Services Enquiries on + 44 (0) 1227 818609.
Who should study CeLTM®?
From 31 October 2004 the sale and marketing of Lifetime Mortgages (LTM) became a regulated activity under the Financial Services and Markets Act 2000, regulated by the Financial Services Authority (FSA). A part of the new regulatory requirements is that new advisers of LTM must attain an appropriate qualification.
The CeLTM® qualification comprises the following modules:
* The Lifetime Mortgages module comprises of two units: Fundamentals of Lifetime Mortgage Solutions (Unit 1) and Lifetime Mortgage Advice (Unit 2).
Please note
From 6 April 2007, the sale and marketing of Equity Release, including Lifetime Mortgages and Home Reversion Plans will be regulated by the Financial Services Authority (FSA). As part of the new regulatory requirements, anyone advising on any form of Equity Release must attain an appropriate qualification. Anyone who is authorised to advise on Lifetime Mortgages by 5 April 2007 will be able to advise on all forms of Equity Release, including Home Reversions, under “grandfathering” arrangements. However, these arrangements will only apply until 5 April 2009. After that date, advisers will need to have passed an appropriate qualification such as the Certificate in Regulated Equity Release (CeRER).
Because some students may wish to qualify on the wider basis, we are offering an option to help them. Students can register for Unit 1 under the Lifetime Mortgages module and then sit Unit 2 under the Equity Release module. If both units are passed you will have an appropriate qualification to advise on all forms of regulated Equity Release, including Home Reversions. Students can sit Unit 1 from 15 January 2007 and then sit Unit 2 from 10 April 2007.
For further information on this, please contact Customer & Student Enquiries on + 44 (0) 1227 818609 or email customerservices@ifslearning.ac.uk.
What does the course cover?
Unit 1 (Fundamentals of Lifetime Mortgage Solutions):
Unit 2 (Lifetime Mortgage Advice):
View Lifetime Mortgages module syllabus.
What does CeLTM® and its components count towards?
Please refer to the easy reference guide.
Entry requirements
Qualification level
Level 3
Study time
Depending on your approach to learning, between 40 - 60 hours.
Study support
A comprehensive learning manual is provided with your initial registration.
Additional study materials designed to complement the learning manual can be purchased in the form of specimen examination papers. View the complete list of available study materials.
Updates to Study Materials
Please note that in order to reflect any changes to syllabuses, including matters arising from the annual Budget, the study materials are updated annually. Updates are usually available in July and come into effect in all examinations from 1 September of that year. It is your responsibility to ensure you are studying from the most up-to-date materials. Full details will be given in your registration confirmation letter.
Examinations
The module is assessed by a two-hour multiple choice examination across the two units. The first unit consists of 50 multiple-choice questions. The second unit consists of three case studies each containing ten multiple-choice questions. This is delivered electronically with results given immediately.
If you are sitting just Unit 1, this will consist of 50 multiple-choice questions. The pass mark for Unit 1 is 70%.
Grading
| Pass | 70% |
| Merit | 80% |
| Distinction | 90% |
Students must achieve a minimum of 70% in each unit. If students don't gain 70% in any unit/s within a module they will have to resit.
After you pass
Upon successful completion of this qualification you can use the letters “CeLTM” after your name.
How do I study?
Distance learning - materials are sent to you and you can learn at your own pace. When you're ready you book the exam.
Cost
£130.00 per module, which includes a twelve-month registration, the learning manual and the initial examination entry (any resit examinations are purchased separately).
If you are registering for Unit 1 (under CeLTM®) and then Unit 2 (under CeRER), the fee will be £130.00
How to register
Online - Complete the online registration and payment form.
By post/fax - download and complete the application form (PDF format). To view this file you need to have Acrobat Reader installed on your computer. This is free and available from the Adobe website. When you have completed the form either send it to the address given on the form or fax it to +44 (0) 1227 784331.
By phone - call Customer and Student Enquiries on +44 (0) 1227 818609. Please have your VISA/MasterCard/Debit card handy when you call.
More information
You can also refer to the FAQ and Module Flow chart for further information on the changes to the Certificate in Lifetime Mortgages (CeLTM®) qualification.
Call Customer and Student Enquiries on +44 (0) 1227 818609 or email customerservices@ifslearning.ac.uk.
