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Silly Question: Can qualified mortgage advisors arrange their own mortgages?

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Hi there, 
As the title suggests, my question is, as a cMAP qualified mortgage advisor, can you arrange your own mortgage accessing the products only available through an Intermediary?
That may be an odd-sounding question...but always wondered if there were any rules around that. 


Comments

  • dunstonh
    dunstonh Posts: 119,722 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    A lot of lenders allow it through the agency of the company but don't allow you to do it yourself.   One of my guys just did a mortgage and Santander insisted on another one of the brokers doing it.   That is great if you work in a firm with multiple advisers but not if you are solo.
    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.
  • amnblog
    amnblog Posts: 12,730 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As Dunston says...
    You would not do your own but you would do a colleague’s.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • Got it. Thanks for verifying! Much appreciated. :-)
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