We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Mortge Networks

Hi,
I am fully CeMAP qualified and am thinking of joining a network. The thing is im confused as to which network i should join. I am looking for a network which will provide the whole of market so if a client asks me "can you approach any lender in the uk at this moment?" i would like to be able to say "yes". If anyone knows any good networks that i can join as an appointed representative then please do let me know! Cheers.

Comments

  • toonfish
    toonfish Posts: 1,260 Forumite
    it really depends on what you are looking for from your network - I would definitely find one that lets you use any lender though. We are with Burns-Anderson and I'm very happy with them.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.
    This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.



  • dunstonh
    dunstonh Posts: 121,169 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Networks are not all the same. Some are hands off and let you run your own business but give you support on compliance. Others are hands on, and in my view, overpowering and acting almost like a salesforce in disguise.

    Make sure you make the decision right first time as it can be costly to switch networks at a later date.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    mrdc007 wrote: »
    Hi,
    I am fully CeMAP qualified and am thinking of joining a network. The thing is im confused as to which network i should join. I am looking for a network which will provide the whole of market so if a client asks me "can you approach any lender in the uk at this moment?" i would like to be able to say "yes". If anyone knows any good networks that i can join as an appointed representative then please do let me know! Cheers.

    What is your experience MRDC? Are you new to the industry are you new to advising or is advising old hat to you? I have said it in the past and will give people the benefit of my mistake - do not go self employed or join a network if you have no client base or experience because even with a lot of support you will struggle.

    If you have a client base and the experience then I would refer you to a broker site that has a lot of reports on the different networks which will allow you to look at them with comparables. That said, you can't beat speaking to people who are in these networks before making your decision.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • kenshaz
    kenshaz Posts: 3,155 Forumite
    Part of the Furniture Combo Breaker
    ----Burns and Anderson also have compliance support
    [FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]
  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    In the words of John Macenroe "You cannot be serious!" lol!

    Has the sun gone to your head today?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.