Becoming a mortgage advisor

Big_Rock

Is it worth becoming though? Isn't market too saturated?? 

kingstreet

raks187 said:

Like a big corporate like haart spicer or connells group?

Sorry, I've no experience of such firms. They will operate their own policy on recruitment so the only way you are going to get such data is from them or someone who does work for them or has worked for them.

K_S

raks187 said:

What credit checks are done? If I had a ccj which was over 6 years old will this matter? Many thanks for you help 

@raks187 Can't speak specifically for the firms you've cited but based on my past experience at a large London EA owned DA firm I highly doubt a 6+ year CCJ would stop you from taking up an employed new broker role in such firms. I'm pretty sure we even hired people who'd been in the country less than 4-5 years so wouldn't even have a full credit file.

As mentioned above you need to answer any questions asked truthfully as not doing so can most definitely be a show stopper.

dunstonh

raks187 said:

Can I ask where those who are already mortgage advisors where do you work? 

I suspect the majority here are more established advisers that work for their own firm.    

<generalisation alert>   Most new advisers start out with an estate agent or bank.  Some will start with a local IFA firm.   Over time, around half will fail within 2 years (often in debt because they couldnt earn enough).  The other half will see some remain with the same employer whilst some will move on to other employers or set up their own company or join with other advisers as a partner/director.   Some will then look to become investment class authorised as that is where the higher earnings are (unless you can get advisers working for you - or better still, get investment class and get advisers working for you).

I haven't done a mortgage since the 90s. You cannot be a jack of all trades nowadays.  Something has to give and I decided investment class was my priority.  However, I employ mortgage advisers within my firm and take a cut of what they earn.

[Deleted User]

raks187 said:

What credit checks are done? If I had a ccj which was over 6 years old will this matter? Many thanks for you help 

You need to be a forum member for at least 4 weeks before becoming an expert.

ACG

[Deleted User] said:

raks187 said:

What credit checks are done? If I had a ccj which was over 6 years old will this matter? Many thanks for you help 

You need to be a forum member for at least 4 weeks before becoming an expert.

That went out of the window with the mini budget. There are no experts anymore. 

raks187

[Deleted User] said:

raks187 said:

What credit checks are done? If I had a ccj which was over 6 years old will this matter? Many thanks for you help 

You need to be a forum member for at least 4 weeks before becoming an expert.

Sorry I don’t understand? 

dunstonh

raks187 said:

[Deleted User] said:

raks187 said:

What credit checks are done? If I had a ccj which was over 6 years old will this matter? Many thanks for you help 

You need to be a forum member for at least 4 weeks before becoming an expert.

Sorry I don’t understand? 

You need to be here for 12 weeks to understand that.....

Don't worry, it was a joke.

Big_Rock

dunstonh said:

raks187 said:

[Deleted User] said:

raks187 said:

What credit checks are done? If I had a ccj which was over 6 years old will this matter? Many thanks for you help 

You need to be a forum member for at least 4 weeks before becoming an expert.

Sorry I don’t understand? 

You need to be here for 12 weeks to understand that.....

Don't worry, it was a joke.

I was told 36 weeks !!! 

raks187

Ok I get it lol