What appropriate examinations do I need to complete to advise on lifetime mortgage and home reversion activities?
The need for individuals • to pass an appropriate examination, • if they carry on lifetime mortgage activities within the scope of the Training and Competence sourcebook (TC), • but are not carrying on home reversion activities within the scope of TC. Carrying on lifetime mortgage activities, but not home reversion activities • Where individuals were competent to carry on a lifetime mortgage activity within the scope of TC at 6 April 2007, but did not carry on home reversion activities at that date, then there is no need for them to pass another exam. • Where individuals were not yet competent to carry on a lifetime mortgage activity within the scope of TC at 6 April 2007 and did not carry on home reversion activities at that date, then they had to pass the full equity release appropriate examination before they could be assessed as competent to carry on the lifetime mortgage activity. • Where individuals started to carry on a lifetime mortgage activities within the scope of TC on or a
Related Questions
- Does a Native American tribe have to be a licensed CPA to complete home screenings and perform child-placing activities?
- What appropriate examinations do I need to complete to advise on lifetime mortgage and home reversion activities?
- How do rising or falling house prices affect my home Lifetime Mortgage?
