Mortgage Broker Career

butters86

Hi Guys,

I know this gets posted all the time so sorry for this.

I have been offered a Mortgage Advisor role for Mortgage Advice Bureau. It's working for them but through an estate agents.
I was previously a mortgage advisor for two well-known banks but have been in a head office role for the past 2 years. It's not a problem with completing the relevant training to return to giving advice.

Questions are. Does anybody work for MAB? What are they like to work for? What are the earnings like?
They have offered me the choice of 3 different packages:
1) £25k basic with commission
2) £30k basic with less commission.
3) The choice to go self-employed.

Thanks in advance for your replies.

ACG

It would depend on the commission split and whether you can charge fees/how much those fees are etc.

I have a feeling they will probably work you like a donkey and you will be heavily targeted. But if it gets you CAS and a client bank, its probably worth sticking with for 12 months and seeing how you get on.

You can earn good money, but if they are taking 70% of your commission in exchange for £25k then im not sure thats a deal I would take...but it gives you that reassurance you have an income coming in every month even if things go quiet.

amnblog

Wrong place to ask.

Try Cherry Forum

JPB123

Are you fit? Healthy? Low blood pressure? Full head of hair? Join MAB and you soon won't be.


I've been under a few Networks in 400 years or so I've been an advisor. Compliance is worse than Sesame, which I thought was massively OTT. I had a compliance audit on 1 case and got pulled for "over-insuring" the client. Loan £199,999 Protection £200,000.


I had to re-do the D&N and write a File Note, copying in the client as to why I'd over-insured them. The client phoned me afterwards and said "!!!!!!? It's £1, why bother"

I am an Independent 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.

Let_Us_See

Choice of package is somewhat immaterial as I would only plan for being in the position for 12 - 18 months to obtain CAS, bring yourself "up to speed," obtain a client base, and prepare yourself for self-employment either DA or AR.

As amnblog advised above, the Cherry Forum is the best place to ask about MAB, but you may not be able to access the Adviser section, and I would recommend you e mail Cherry and ask them to post for you.

http://www.cherryfind.co.uk