Mortgage Adviser Trainee - Magazines?

payless

Mr_helpful wrote: »

Oh you make the rules do you? Sorry:rolleyes: . One of those brokers you name [ REFERRING TO HelpWhereIcan,Payless,Andrew Smith,Herbiej ] is rather good a trawling this site looking for business.

Pease expand , as your post mentions 4 names and maybe condems 1 unnamed , but leaves a slur on the the others without further clarification

kenshaz

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Some company's do 97%. The other way might be to negotiate a vendor or gifted deposit. For an explanation type "gifted deposit mortgages" in to google.
Coded message advises google with the inserted words links direct to the said brokers site.

MortgageMamma

Kenshaz why are you on the attack? Helpful has done nothing wrong - he helps people just like the rest of us. He might get close to the line from time to time but remember he is quite new to the forums and just bedding in. I could understand you attacking if you felt that brokers were not bringing any value to the forums - people come here for free guidance and often a second opinion after already approaching a broker elsewhere - this is really stupid - if a forum user is looking for a broker we all have the same signatures so they can pick any one of us? why would we need to tout? If a forum user is touted by a broker (which does NOT happen often and when it does its always a new broker who has not read the rules) then they have the option to say no or completely ignore it

kenshaz

If I was a broker on this site,and another broker was flaunting the rules and providing link words via google direct to the brokers site ,I would not be happy ,and as a user of this site it takes away the protection that the code of conduct offers new users.
I am defending my right as a user to report abuse of forum rules.

kenshaz

toonfish wrote: »

sue me then, or get a life

Please just abide by the rules like everyone else does,if you are having trouble with computer skills ,I am sure that some-one will assist.
This is not a civil matter ,the structure of this community requires rules,and the moderators are the judge and jury.

dunstonh

Ok, maybe I am blind or maybe it's because I dont follow the mortgage threads much but I havent seen any touting going in.

Ignoring the important point about it being against board rules for the moment, it is just plain silly for any adviser to think they could earn money out of posting here. It isnt viable. Indeed, it can cost you.

I dont know if the others have the same but you do get approached by people with PMs or emails asking for help and a small minority do ask to transact through you and that is within board rules. However, the majority are looking to pick your brains for free. If you cost up what you get compared to what you do, you are losing money.

Brokers/advisers here are generally posting to enhance the image of financial services by providing a service to the forums, help their own knowledge and pick up views and opinions from others and pass the time between writing reports, researching and appointments.

kenshaz

If a link is provided to a website,that is going to increase the numbers who visit and potential customers,how cannot that be viable.
I have given examples of key words being given which link via google to a website,it is subtle but effective.
One contact a week would be lucrative,and I could not put a figure on a précis number,why should some through sheer arrogance be allowed to get away with it ,when others as you say visit here to expand their expertise .
Some brokers are extremely arrogant ,bully other users ,criticize site ethics and flaunt rules,they are are certainly not here for social stimulation ,they have nothing to learn ,they know it all.

absolutebounder

kenshaz wrote: »

Mr helpful vbmenu_register("postmenu_4882860", true);
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Some company's do 97%. The other way might be to negotiate a vendor or gifted deposit. For an explanation type "gifted deposit mortgages" in to google.
Coded message advises google with the inserted words links direct to the said brokers site.

I go away for a few hours and all this kicks off. If I saw the above I would not worry. If the person needed to learn about something then internet sites are great, but to find what you want you need the right keywords. There is nothing coded really. It wouldnt be much good just typing "Mortgages"
or "help I want a mortgage" would it . Helpful has narrowed it down so the person can find what they want. The fact his site is there means nothing. There are usually 10 sites per page so does he own all top 10? I would be impressed with his iniative. Some times you need a broker with a brain.

JPS27

Sorry if this has been asked before, but its a long thread that I haven't had the time to read just yet but I am keen to ask peoples opinions as to whether becoming a mortgage advisor is the way forward.

I'm keen to hear from people who've just qualified or who have been doing it for years.

I'm stating my CeMap training at the end of the month and have a position waiting for me. But I am sacrifycing another job to hopefully make some real money from the business. I understand that money making potential has alot to do with client base and other factors, but my question ralates to is the money available to be made if I have the commitment to be successful, and what potentially could a successful advisor earn?

Figures have been thrown at me before from self employed advisors (who do seem to be doing rather well for themselves) but alot of the figures seem far fetched. Figures such as £100000 per year, all the way upto £600000 per year have been thrown into the ring.

Opinions would be very much appreciated.

JPS

AndrewSmith

Becoming a mortgage broker should not just be about the money.

If you are going into it because you have a genuine desire to help people, enjoy working long unsociable hours and long drives on dark motorways late at night, have a thick skin and can manage rejection, are teachable yet confident in your knowledge, honest and professional by demeanor then you will find that you will make a comfortable living by default.

Despite the opinions of many who have never worked in the industry, it can be an incredibly stressful and hard job to do. The responsibility placed on your shoulders is immense, as can be the consequence for getting it wrong.

Like any business there are running costs, the highest of which will most likely be advertising and lead generation for a new starter, along with your regulatory and licensing fees (for sourcing software, compliance support etc etc).

Do not expect to be rolling in cash within the first year, it is not a get rich quick line of work. You get out of it as much as the effort you put in.

Put it this way though. I work generally 4x15 hour days a week, have a very established client base and work mainly from referrals, existing returning clients and web advertising.

Even taking into account all the costs of running the business I am still able to generate more income than when I worked as a financial services manager for a major EA chain 3 years ago.

The first year will be your hardest until you have reliable sources of leads and are not surviving on purchased leads or anything similar.

I do think that £100,000 a year for an established sole trader is achievable but £600,000 is a bit pie in the sky.