Mortgage adviser job

starvin_marvin

[FONT=&quot]I just have a quick question for all the mortgage advisers here: I am a mortgage adviser, too. Not a lot of experience, just 1 year. I did my CeMAP on my own and when I found a job I just had an induction period and after a period of 2-3 months I was signed off as a competent adviser. Since I didn't have any prior experience, my starting salary was embarrassingly low and I only get 10% of the commission/proc fees. Together with my measly basic I probably make less money than a Starbucks barista, also taking into consideration the fact that I am being paid my share only after completion. We are dealing with a lot of new build flats - for instance, I signed up about 10 clients in November and I have not seen one red penny from these cases yet. I work for an independent, whole of the market broker - we get our business from major builders etc.
Recently, I found a Mortgage Adviser vacancy with one of the major high street lenders. I sent CV, passed a telephone interview and got invited to a face to face interview. Apparently they shortlisted just 3 people for one vacancy, so I think I have a very decent shot. The question is - should I go for it?

Pros (go for the high street lender):[/FONT]

• [FONT=&quot]Higher basic - I would need to earn at least £625 commission a month just to MATCH the difference in basic salary between my current job and the high street lender. In my 12 months as a mortgage adviser it only happened twice.[/FONT]
• [FONT=&quot]Instead of working for a small company employing less than 10 people I would be working for a major player, with a career path, possibility of promotion, professional development, numerous benefits (pension plan, health insurance etc.)[/FONT]

[FONT=&quot]Cons (stay with my current employer)[/FONT]

• [FONT=&quot]I am up for a pay review - I can probably expect a £1-2k higher basic[/FONT]
• [FONT=&quot]Technically speaking I have an uncapped bonus - although my monthly bonus is rarely over £500 (a lot of cases in the pipeline, waiting for completions)[/FONT]
• [FONT=&quot]Major high street lender probably means more targeted sales environment and more micro-management - although I have been in a situation like that before working in car sales and I can handle in fine[/FONT]
• [FONT=&quot]From the career point of view I am now a whole-of-the-market and therefore require greater knowledge of the products and lender's criteria available. Working for the lender will probably be much easier, but will it not be a step back in my professional career?[/FONT]

[FONT=&quot]Does anyone have any tips or advice? Any experience working directly for the lenders? Should I take a job with higher basic and capped bonus with a high street lender or stay with a whole-of-the-market mortgage broker with 30% lower basic, no benefits, but uncapped bonus potential (although the potential is yet to materialize)?[/FONT]