Try before you sign up
Free 10-question practice test on any learning outcome — no account required. One per 24 hours.
CII ER1 · Equity Release
Practice questions built for the ER1 exam — learning outcome by learning outcome
ER1-style multiple choice questions across all 11 syllabus learning outcomes. Scenario-based questions on lifetime mortgages, home reversion, MCOB, benefits, tax and suitability — with instant feedback and progress tracking so you revise the way the exam actually tests you.
10 free questions · No account required.
Built for ER1 candidates
Whether you are starting ER1 Equity Release or returning to the syllabus, this resource helps you practise the way the exam is assessed.
Exam-format questions
Standard multiple choice with four options (a–d) — the same core format as the ER1 paper.
Syllabus aligned
All 11 learning outcomes from the CII ER1 specification — product definitions, MCOB, lifetime mortgages, home reversion, benefits, tax and suitability.
Learn from every answer
See whether you were right or wrong immediately, with a short explanation after each question.
Full syllabus coverage
Every ER1 learning outcome is available as its own practice test. Work through topics as you study, or sit the full 75-question exam when you are ready. Browse all learning outcomes — free daily practice on any topic.
Full ER1 practice exam
75 questions across all learning outcomes — the same length as the real exam
- All 11 learning outcomes
- 50 MCQs + 5 case studies
- Exam conditions (2 hours)
LO 1 — Definitions of equity release products
Syllabus outcomes 1.1–1.1 · 1 exam question*
- FCA equity release definition
- Home reversion and lifetime mortgage
LO 2 — Principles, types and regulation
Syllabus outcomes 2.1–2.5 · 7 exam questions*
- Scheme types and participants
- MCOB and Equity Release Council
LO 3 — Consumers, needs and eligibility
Syllabus outcomes 3.1–3.4 · 4 exam questions*
- Asset-rich, cash-poor clients
- Capital, income and eligibility
LO 4 — When equity release may be appropriate
Syllabus outcomes 4.1–4.3 · 4 exam questions*
- Needs-led advice
- Independent legal advice
LO 5 — Impact on future options
Syllabus outcomes 5.1–5.2 · 5 exam questions*
- Estate and portability
- Early exit and legal options
LO 6 — Product features and alternatives
Syllabus outcomes 6.1–6.2 · 8 exam questions*
- Lifetime mortgages and home reversion
- Lump sum versus drawdown
LO 7 — State benefits and taxation
Syllabus outcomes 7.1–7.3 · 4 exam questions*
- Means-tested benefits
- Tax and when to refer
LO 8 — Suitability and affordability
Syllabus outcomes 8.1–8.1 · 6 exam questions*
- Product suitability
- Alternatives to equity release
LO 9 — Advantages, disadvantages and risks
Syllabus outcomes 9.1–9.1 · 6 exam questions*
- Risks of releasing equity
- Lease, debt and early repayment
LO 10 — Relative risk by circumstance
Syllabus outcomes 10.1–10.1 · 5 exam questions*
- Health and life expectancy
- Equity, purpose and beneficiaries
LO 11 — Applying solutions to client circumstances
Syllabus outcomes 11.1–11.1 · 25 exam questions*
- Suitability in a case study
- Legal advice, disclosure and redress
How it works
Three steps — no complicated setup.
Step 1
Unlock full access (3 day free trial)
Add your card on secure checkout, then set your password when you return.
Step 2
Choose a topic
Select a learning outcome, sub-topic, or the full 75-question exam.
Step 3
Practise and review
Answer ER1-style questions, read explanations, and track your scores over time.
What other ER1 candidates say
Early feedback from people using the site to prepare for their exam.
“ER1 covers a lot of ground — lifetime mortgages, home reversion, benefits and suitability. Being able to drill each learning outcome separately made a real difference.”
“The scenario questions feel closer to the real paper than generic regulation quizzes — applied client and firm contexts, not just definitions.”
“The difference between a lifetime mortgage and a home reversion plan used to blur together for me. The explanations after each question sorted that out.”
Try a free sample
10 free ER1-style questions with explanations — no account required. The monthly plan unlocks every learning outcome and the full 75-question exam.
Try a free sample
10 free questions · No account required.