Re-training as a mortgage advisor - advice?

secondtoughest

Hi all

I am being made redundant at the end of July. My company will pay £750 towards re-training and I'd like to train to become a mortgage advisor. I believe the qualifications are called CeMAP.

Can anyone advise me the best course of action? Would it be better to get the qualifications then join a company or join a company first and train with them? What can I expect to earn at the varying stages of this career?

I am currently earning about £25k and could only realistically take a significant paycut for about a year. Otherwise I could stay in the field I'm in now.

Thanks for the help.

jessicamb

Have you looked into the current demand for mortgage advisors? With a weak housing market then mortgage writers have been struggling for business. Whether that is still the case I dont know but may be worth looking into.

bristol_pilot

£750 will not buy much training, a couple of days maybe. So it's best to use it to fund an add-on to what you currently do (or to fill a gap in your current training) than try and fund a career change from it.

Catspajamas

There really aren't many jobs for mortgage advisors at the moment. Many banks and building societies have been making large numbers redundant. I realise that there are obviously other routes and employment opportunities, but maybe going for a job in a bank and working your way up may be the safest way to get into it as you wouldn't have to pay for training and there would be other related jobs available if you were unable to do it straight away.