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ER1 Study Plan 

The ER1 Equity Release develops understanding of the different types of equity products, the risks to consumers and the application of suitable equity release solutions.

Exam sitting:

This exam can be sat throughout the year, 7 days a week.

Suggested ER1 Study Plan

This study plan is based on 70 hours of study time over an 8 week period. The CII recommendation is 70 hours of study time, however this is only an indication of how long you will need. You may take more or less time than this depending on your prior knowledge and experience, and work/study/home commitments.

ASAP

Our student-led forums are a space for you to chat to other candidates about all things study and exam.

Click on the ‘BTS Forums’ in the menu on the left and check out the ER1 forum.

ASAP
Weeks 1 - 8

Self-study period - Starting at least 8 weeks prior to the exam

There is no avoiding a thorough study of the syllabus.  There are 11 learning outcomes in the ER1 syllabus.  Learning outcomes 1-10 makeup the first 50 multi choice exam questions. Learning outcome 11 is the 25 case study questions.  There is nothing new to learn for learning outcome 11; it is more about being able to apply your knowledge from all the previous learning outcomes to case study scenarios.

Start by working through the BTS study guide covering the full exam syllabus and guidance on the necessary exam question answering techniques.

Weeks 1 - 8
Week 4 onwards

Revise key knowledge

Use the exam style questions in your study guide concentrating on the heaviest-weighted learning outcomes. Practise as many exam-standard questions as you can before the real thing. It is good practice to start attempting past paper exam questions when you are around two-thirds of the way through the study guide. Use them to review your weaker areas and target your study. 

Once you have worked your way through the exam-style questions in the study guide, you can use our Study Buddy Application to practise more exam questions ahead of your exam, ensuring you are exam ready. 

 

Week 4 onwards
Have you booked your exam?

Having an exam date booked can help to focus your study goals.

Have you booked your exam?
Sit your exam - Good luck!
Sit your exam - Good luck!

Suggested study hours by ER1 Learning Outcome

LO1: Know the definition of equity release, home reversion plans, lifetime mortgages and alternative methods of equity release/capital raising

1hrs

LO2: Understand the principles of equity release, the types of equity release schemes available and the circumstances for which such schemes might be appropriate

8hrs

LO3: Understand the types of consumer at whom equity release is targeted and their personal requirements, wants and needs

5hrs

LO4: Understand the circumstances in which equity release may be appropriate

5hrs

LO5: Understand the impact on consumers’ future options

6hrs

LO6: Understand the key features, relative advantages and disadvantages of different types of equity release arrangements and principal alternatives

9hrs

LO7: Understand the rules relating to State benefits and taxation, the sources of information and specialist advice regarding the implications on these of entering into an equity release arrangement

5hrs

LO8: Analyse the suitability and affordability of the different types of equity release plans and the main alternatives for different types of consumer

7hrs

LO9: Assess the advantages, disadvantages and potential risks to consumers associated with taking out equity release and when these might arise

7hrs

LO10: Assess the relative levels of risk for different consumers taking account of their individual circumstances

6hrs

LO11: Apply suitable equity release solutions to the circumstances of different types of consumer

11hrs

ER1 question weighting by Learning Outcome

The ER1 exam lasts for two hours.  The paper is split in two sections: Sections A and B.

Section A consists of 50 multiple choice questions. 

Section B consists of 5 case studies, each followed by 5 multiple choice questions.

If you do have a deferred success on this exam, have a look at your exam feedback to see where you dropped the most marks. 

ER1 Question Distribution

The BTS approach to passing ER1

This ER1 study plan has been designed by the team at BTS. Our highly-qualified and experienced team sit the Chartered Insurance Institute (CII) Level 4 and Level 6 exams annually. This helps to ensure that the materials we produce are as up to date and ‘exam style’ as possible for our customers. 

The BTS resources provide a structured study path through the ER1 syllabus, covering both the technical knowledge and exam technique required to achieve a pass. 

Below you will find an overview of the BTS recommended study plan with details of how the BTS materials can be used to support your learning. You don’t need to use every element, but we recommend starting by working through the BTS study guide. The Study Buddy app is designed to be used to practise exam-standard questions, little and often from the mid-way point in your study plan.

Study

Work through the BTS study guide

What is the aim of this guide?
As you read each chapter of the guide you will gradually work through the ER1 syllabus and practise the necessary exam question answering techniques, using:

Available in a choice of printed or digital format from the BTS shop.

Practise

Practise exam-standard questions using the Study Buddy app

You should aim to complete at least 2/3 of your wider study before attempting mock papers.

What is the aim of the app?

The BTS Study Buddy app replicates the CII exam standard as closely as possible. 

Available to download from the Apple and Google app stores.

Exam Sitting

Exam bookings are made directly with the CII.

Before booking an exam, candidates must purchase the unit from the CII website.

There is an option to purchase ‘assessment only’ which means just the exam sitting. This allows candidates to purchase study materials elsewhere, e.g. BTS.

Information and  guidance on booking and sitting your exam can be found in our Exam FAQs:

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