FOER Mock Paper 5 — Fundamentals of Equity ReleaseHarder
The toughest FOER mock, probing edge cases and cross-topic detail across lifetime mortgages, home reversion, benefits and tax in 50 questions over 60 minutes.
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The timer starts when you press the button. You can still finish after it runs out — it is there to mimic exam pressure, not to lock you out.
Free preview: the first 5 of 50 questions, with a timer to match. Unlock the full paper
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About FOER Mock Paper 5
This is mock paper 5 of 5 for FOER, the Fundamentals of Equity Release unit of CeRER. The 5 papers in this unit run easier → harder so you can build up to exam standard rather than being thrown in at the deep end. This one sits in the harder tier: it is deliberately pitched above the live exam, so passing it means you should clear the real thing with room to spare.
Every question carries a written explanation, so a wrong answer tells you which rule you have misread instead of just costing you a mark. Questions are original, written against the current CeRER syllabus, and cover the material the way the examiner tests it — precise recall where recall is tested, and judgement where the paper wants judgement.
Format, timing and pass mark
FOER Mock Paper 5 follows the live FOER format: 50 standalone questions, in 60 minutes — about 72 seconds a question. Pass mark 35/50 (70%), as in the real assessment. There is no negative marking, so answer everything.
What this paper tests
The 50 questions in FOER Mock Paper 5 break down across 8 topic areas:
- Home reversion7 questions
- Lifetime mortgages7 questions
- Alternatives6 questions
- Benefits & tax6 questions
- Consumers & suitability6 questions
- Definitions & regulation6 questions
- Equity Release Council6 questions
- Features, risks & calculations6 questions
Try two questions from FOER Mock Paper 5
These come from the free preview of this paper. Answer them, then reveal the explanation.
Lifetime mortgages
A drawdown lifetime mortgage was set up when the customer was 60, with a total facility (initial advance plus reserve) calculated using the maximum LTV available at age 60. She is now 75 and wants to draw the remaining reserve. Which statement is correct?
- AThe reserve automatically increases to reflect the higher maximum LTV now available at age 75
- BThe reserve facility expires completely at age 70 on every plan
- CThe total facility amount (including the reserve) is normally fixed at the outset based on the age and LTV rules that applied then; reaching a later age with a higher available LTV does not automatically increase the size of the original reserve
- DShe must reapply from scratch at age 75 as if no reserve facility had ever been agreed, losing the original terms entirely
Reveal the answer
C is correct. The reserve size is normally fixed at outset. Getting older and qualifying for a higher LTV later does not automatically enlarge the original facility — any additional borrowing would need a fresh application.
Definitions & regulation
Which statement about 'execution-only' equity release sales is most accurate?
- AExecution-only only applies to home reversion, never to lifetime mortgages
- BIn practice there is no meaningful execution-only route for lifetime mortgages or home reversion — advice is effectively mandatory, unlike parts of the mainstream mortgage market where limited advice/execution-only journeys exist for straightforward transactions
- CExecution-only equity release sales are common and freely available from most providers
- DExecution-only is available for equity release provided the customer signs a disclaimer
Reveal the answer
B is correct. Given the complexity and largely irreversible nature of equity release, advice is effectively mandatory — there is no comparable execution-only route to that found in parts of the mainstream mortgage market.
Scored under 70%? Revise these next
A near miss is almost always a calculation you cannot do under time pressure, a definition you half-know, or a rule you have never read in the examiner's words. Start with the topic areas above where you dropped marks, then:
- →Drill the calculations on the CeMAP formula sheet — LTV, income multiples, SDLT, APRC, ERCs and rental cover, each worked through.
- →Nail the terminology in the CeMAP glossary — a surprising share of wrong answers are a term you nearly knew.
- →Re-read the syllabus coverage on the FOER exam guide, then sit the next paper in the ramp.
The other FOER mock papers
5 timed mocks for this unit, running easier → harder. Sitting the whole ramp is what moves a borderline score to a comfortable pass.