CEMAP Courses+Mortgage Adviser Careers

i_n33d_help

Hi,
I am considering a career change and have been looking at the home CeMAP 1, 2, 3 courses. I am just looking for advice from some of you with experience in this field. After gaining the qualifications, how difficult is it for someone new to the business to get a job as an adviser?

I would appreciate any help, thanks.

dunstonh

After gaining the qualifications, how difficult is it for someone new to the business to get a job as an adviser?

Its going to be hard.

a) over 50% of new advisers fail within the first 2 years of getting authorised
b) you have far too many mortgage advisers for the level of business (although numbers have been reducing recently
c) at the end of 2012, you will have a glut of ex IFAs and tied agents who will drop to mortgage and insurance only classification (who will have client banks and renewal/trail commissions to bring to the party).

Dan_1976

Think hard before you take the jump.

Dunstonh has highlighted some down sides. I think the figure is 68% of Mortgage brokers have gone, not sure if that is correct.

Banks and the FSA will be pushing for the end of fee free advice so people will be paying and will then become even more demanding and harder to please.

I think the market will get smaller for the broker. I would however think about starting in Bank or BS and then go up from there. If I could do it again I would look at getting promotion to an area then regional manager etc.

_Andy_

There is already a glut of qualified and experienced advisers on the market.