Anyone here a mortgage advisor? - HotUKDeals
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Anyone here a mortgage advisor?

£0.00 @ Here
Was it easy to get in to? Do you enjoy your job? Read More
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suspended6y, 8m agoPosted 6 years, 8 months ago
Was it easy to get in to?

Do you enjoy your job?
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suspended6y, 8m agoPosted 6 years, 8 months ago
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banned#1
Do you have access to the internet

http://tinyurl.com/339lfrb
suspended#2
slamdunkin
Do you have access to the internet


http://tinyurl.com/339lfrb


You are hilarious, I've never seen that...

I don't want to know how to become a mortgage advisor, i want a view of someone who is a mortgage advisor.
banned#3
I'm not an expert but I'd suggest more and more 'advisor' roles are on the way out.

What with comparison sites springing up all over the place, it's pretty easy to find the best deal on the high street without having to use an advisor anymore.
banned#4
Self employed or working for a broker?
banned#5
JonnyTwoToes
I'm not an expert but I'd suggest more and more 'advisor' roles are on the way out.What with comparison sites springing up all over the place, it's pretty easy to find the best deal on the high street without having to use an advisor anymore.

Mortgage advisers are still in demand because they find mortgages for people with bad credit ratings....which comparison sites aren't to good at....they also find mortgage for property developers so they can get the best gearing on their capital.

Edited By: slamdunkin on Oct 25, 2010 16:09: .
banned#6
slamdunkin
JonnyTwoToes
I'm not an expert but I'd suggest more and more 'advisor' roles are on the way out.What with comparison sites springing up all over the place, it's pretty easy to find the best deal on the high street without having to use an advisor anymore.


Mortgage advisers are still in demand because they find mortgages for people with bad credit ratings....which comparison sites aren't to good at.


Well, that might of been the case a few years ago but now it is extremely hard to get a good deal even with a decent credit rating. No credit score, no mortgage.
suspended#7
slamdunkin
Self employed or working for a broker?


Either really. Just wanting to know about job satisfaction and if it is worthwhile trying to get into.
banned#8
Try asking on the UK business forum in the property section.
banned#9
slamdunkin
Try asking on the UK business forum in the property section.


Weirdly, I signed up for that the other day. Good forum - and some great contacts!
suspended#10
slamdunkin
Try asking on the UK business forum in the property section.


Cheers will check that out
banned#11
also try asking in the Accounts & Finance section
1 Like #12
Sorry to be negative, however, you could not pick a worse time to try and get into the Mortgage Advice sector. I have been a Financial Adviser/Mortgage Consultant for the last 9 years and it has never been tougher to make a living from it. You will need to get the appropriate qualifications before you even think about providing any professional advice.
You will not get an 'Employed Position' without these qualifications and even then very few Brokers (Independent) or Tied Advisors (ie, Banks, Building Societies) are currently recruiting and even then they would be looking for many years experience and top performers - Catch 22 I'm afraid.
Regarding the 'Self-Employed' route - you will still need to be qualified and then would depend if you wanted to go entirely on your own (which entails doing your own 'Compliance' etc and all the rest it entails) or become part of a Network (they will do Compliance for you but likely charge an on-going monthly fee for doing so). Even then, you would be looking at a minimum of 3-6 months before you had any cash coming in (ie, the time it would take to become Fully Qualified and gain Client Appointments) as you only get paid when the Mortgage Application process has been completed. I can get Client Appointments but it is much harder to find suitable products for the clients as lenders are still very reluctant to take on new business (despite what the Press and Media might say). Despite my wife working Full-Time I still have to do a 2nd job to supplement my income.
Apologies for the negativity but just trying to give an honest assessment.
1 Like #13
I was a mortgage advisor before I had the kids, and it's not an option for me any more simply because of the hours you have to put in, in and out of the office. I loved it, which might well have had a lot to do with the people I worked with, but at the same time had to put in 110% to reach my targets. As mentioned above, you do need the CeMap qualification to become an advisor, but it's not just a one off, ie, get your qualification and off you go. You need to take this every year and pass it if you want to keep your job.

It's interesting, but you need to be able to work under pressure, stick to deadlines, be prepared for long hours sometimes and have the hours at home to put in to studying when that time of year comes around. Even if you're going through a ridiculously busy patch at work and working late, you'll still have to revise at the weekends !

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