📨 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!

Becoming a mortgage advisor for an independent Estate Agent?

Options
I currently work for an independent estate agent. My bosses and I have discussed the possibility of me becoming a qualified mortgage advisor.

Before committing to CeMAP I would like a bit of advise as to how easy it is to get to the point of actually practising mortgage advice once qualified.

Would the company have to become an appointed rep of a mortgage network and what criteria must we fulfil in order to do so?

The company is not currently authorised by the FCA to give financial advice.

Any help would be greatly appreciated.

Thanks
Callum

Comments

  • ACG
    ACG Posts: 24,613 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    You would need to pass the exams and then get CAS (Competent advisor status) that is harder to get than the exams as you have to have someone monitor your cases for a period and sign you off.

    Initially i had to trade under someone elses firm, get CAS and then i was able to open up on my own, this was all under a network.

    Its probably worth calling up a couple of networks explaining the situation and see what they suggest.
    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
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.