From April 6, the Financial Services Authority will regulate the sale and marketing of all equity release products including home reversion plans. The new qualification takes this ex-panded remit into account.
Registration for the certificate will begin on March 5 with the first exam scheduled for April 10. It costs £130 to register for the certificate, which includes learning materials and one exam.
Those who already hold a qualification for lifetime mortgages can complete a top-up unit from April 10 for £70. This includes home reversions.