Mark Roberts, head of faculty financial regulation at the ifs, commented: "SHIP's announcement marks the beginning of a new era for the equity release industry. Equity release has now moved on from the mis-selling scandals of the late 1990's and compulsory qualification will only improve the reputation of the industry for all those operating in it."
The ifs Certificate in Lifetime Mortgages (CeLM) was one of the 'suitable qualifications' named in the SHIP announcement. The CeLM has 2,500 registrations to date and is delivered in the same format as the Certificate in Mortgage Advice and Practice (CeMAP®). Advisers who would like more information about the CeLM should contact ifs directly.
