Mortgage industry collapsed - wht does this mean>??

myright

Hello guys,

Well everyone keeps telling me that that the mortgag industry has collapsed. what exactly does this mean???

I have to do my cemap module 1 before the end of the year. Its all been paid for

Is the industry going to get back on track again?

the reason i'm asking is, cus I want to do the intensive courses to help me understand better. If the industry will not get back up again, theres no point me spending futher money

Tiddler_2

What it means is that fewer people are taking out mortgages at this present time, whether it be people moving house, First Time Buyers or remortgages.

The number has reduced by around 50%-60%.

This means that there is less money being earned by mortgage brokers in the majority of cases.

It will recover, but may take around 12-18 months.

myright

oh I see. So basically its just temporary? So it would eb advisabel to continue with my cempa training and learn it properly?

Tiddler_2

Depends if you have a job to go to really.

I wouldn't be going into a mortgage advice career at the moment, unless you could get into it via banks who will train you up and give you a good grounding - but lots of experienced advisers are also going for the few roles available in search of guaranteed earnings

Conrad

myright

you will know from your interest in matters fiancial that none one can predict how long the credit crunch will last.

Given your interest in the fincial world, you presumably have your own opinion......................

Afterall, you will be giving clients important fincial advice and they will expect you to have a keen interest, and not merely rely on basic training.

Keep reading the Su....., I mean The Economist

myright

where can i buy he economist from? how much does it cost? I am very intreted in increasing my knowledge

myright

Where shall i go from here guys? go for the cefa or cemap qualification?

hostman

I'd suggest the job centre.

God forbid you ever become an advisor, you sound clueless.

myright

ofcourse I'm clueless I'm trying to learn. We all need to start at some point. I already have a job. But not in the financial side

LisbonLaura

myright wrote: »

where can i buy he economist from? how much does it cost? I am very intreted in increasing my knowledge

I just don't believe it!

A fiver on a wind up

GirlyGirl_2

PSML at where to buy the economist.
A. To fill the forms out accuracy is very important, your typing/spelling is awful.
B. If you think the housing market will recover in the next 12-18 months you need shooting.