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Attention All Brokers!

Rcraigs
Rcraigs Posts: 12 Forumite
in Mortgages & endowments
I need advice from experienced brokers, Im seriously considering taking my Cemap exams/training as I have been developing for 2 years now and have found the mortgage sides of things quite appealing.

What I really need to know is...In our current market is there work out there? Obviously i understand that at the moment times are hard but when is a good time to start?

Is there lots of scope, ie if the mort side dries up for a while is there other products which can sustain an income?

Any advice would be great

Thanks

Rob
«1

Comments

  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    http://forums.moneysavingexpert.com/showthread.html?t=1077097
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Rcraigs
    Rcraigs Posts: 12 Forumite
    Is that a No then?
  • dunstonh
    dunstonh Posts: 120,314 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Is there lots of scope, ie if the mort side dries up for a while is there other products which can sustain an income?
    Not if you are a mortgage adviser.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • minimike2
    minimike2 Posts: 2,210 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Dont bother. You would make more money working in KFC than starting up now.

    Unless you want to work for a bank. They will train you, pay you a (poor) salary....work you 8-8 6 days a week and slap high targets on you with loaded products...
  • Rcraigs
    Rcraigs Posts: 12 Forumite
    But surely things are not going to last like this right?
  • dunstonh
    dunstonh Posts: 120,314 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Rcraigs wrote: »
    But surely things are not going to last like this right?

    Last house price crash was over 6 years (depending on region).
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Cazza
    Cazza Posts: 1,165 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Rcraigs wrote: »
    But surely things are not going to last like this right?

    I can't see it ever going back to quite way it was before (although that's not necessarily a bad thing!) I reckon 3-4 years before I'd do anything about a career change, if I was in your situation.
  • Dan_Collins_2
    Dan_Collins_2 Posts: 1,377 Forumite
    Well I start my new jobon Monday, outside of FS and I will not be going back!

    If you can live on £15k per annum then go for it, in a few years things will get better. Most broker I talk to are anything from 30-50% down.
    :confused:
  • Cazza
    Cazza Posts: 1,165 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Dan_Collins wrote: »
    Well I start my new jobon Monday, outside of FS and I will not be going back!

    If you can live on £15k per annum then go for it, in a few years things will get better. Most broker I talk to are anything from 30-50% down.

    Me too! Good luck! :j
  • Dan_Collins_2
    Dan_Collins_2 Posts: 1,377 Forumite
    Thanks Cazza, will be odd not working in FS, but after my last interview with a lender I cant see my self working for corporated jumped up yes man or lady!

    Good luck too!
    :confused:
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