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!
Training to become a Mortgage Broker / IFA
Extroversion
Posts: 9 Forumite
I am about to start a course to train to become a Mortgage Broker - ideally I would like to pursue a career as an IFA and the initial FSA course module is the starting step for both of these qualifications. However, the IFA qualifications are more complicated and take longer to complete.
Can anyone please give advice on how to get into the Mortgage Broking profession - the training providers allow you to work for them, generating your own sales, and they supervise and monitor you to competent advisor status. However, starting from scratch (my background is as a Conveyancing Legal secretary and I have also worked in Financial Administration) in the mortgage broker business is extremely daunting and I would prefer to work for a company but definitely not as a tied broker. However, the training company then go on to provide free training to be come an IFA and an advanced Mortgage Broker and Protection specialist (enabling you to sell life time mortgages etc) if you join their 'Stepping Stones' programme to set up your own mortgage broking business which they provide lots of business training for. The training would cost £1000 + course fees with out their support. They also pointed out that any mortgage broker will be expected to generate leads. The training company is an approved partner for Armed Forces resettlement training and in the testimonials section of their site there are a few stories posted by Armed Forces people who have trained through them and set up their own businesses.
Will mortgage broking companies look positively on the fact that I will have done the CeMAP training independently and will that help to outweigh my lack of solid sales experience? Or would it be worth training from the beginning for IFA status. I currently work through a temping agency which provides quite regular work so I can continue to do this while studying but I would like to get into the industry as soon as I can.
Any comments/thoughts/advice would be much appreciated.
Can anyone please give advice on how to get into the Mortgage Broking profession - the training providers allow you to work for them, generating your own sales, and they supervise and monitor you to competent advisor status. However, starting from scratch (my background is as a Conveyancing Legal secretary and I have also worked in Financial Administration) in the mortgage broker business is extremely daunting and I would prefer to work for a company but definitely not as a tied broker. However, the training company then go on to provide free training to be come an IFA and an advanced Mortgage Broker and Protection specialist (enabling you to sell life time mortgages etc) if you join their 'Stepping Stones' programme to set up your own mortgage broking business which they provide lots of business training for. The training would cost £1000 + course fees with out their support. They also pointed out that any mortgage broker will be expected to generate leads. The training company is an approved partner for Armed Forces resettlement training and in the testimonials section of their site there are a few stories posted by Armed Forces people who have trained through them and set up their own businesses.
Will mortgage broking companies look positively on the fact that I will have done the CeMAP training independently and will that help to outweigh my lack of solid sales experience? Or would it be worth training from the beginning for IFA status. I currently work through a temping agency which provides quite regular work so I can continue to do this while studying but I would like to get into the industry as soon as I can.
Any comments/thoughts/advice would be much appreciated.
£2 savers club = £16
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards