Is it time to move on?

Esdotkay

Hi,

I am a mortgage advisor currently working for One of the big high street banks. (telephone based). I feel I have grown out of the position and its maybe time to move on.
I have been offered a couple of positions but note sure which route I should take and just looking for some advice..

Position number one is working on an employed basis for a small brokerage who have a few offices in the SW area. The role is manage one of the branches which has been running for 2yrs but not preforming as well as the other locations. majority of the business they write is sub prime & self cert. they are a packager aswell & from what I can tell majority of cases go thru that route. The branch is located in the town centre, as the manager/advisor it will be basically my show. avarage basic and 50% profit share of the branch. client base is non existant but support will be provided fro me to create new leads

Job 2 is working self employed, ongoin leads provided (apparently), big network 50-50 split.

is it the right time to go self employed just relying on leads that the company provide as I have no client bank?

do I go employed as the manager of the branch even take the oppertunity to run an office myself. I am really intrested in the employed position but not sure if it is the right time to be going into that area of the market which has currently cooled down. (understatement I know,, but hey Im confident!)

Or do I just stick it out with my secure position, continue to hit target earn them lots of money knowing I will not earn over x amount & put up with the daily antics of sales managers

Any advice would be much appricatied or any alternative routes I could poss take in this current climate.

ps i no nothing about Organic foods so thats a no go!

thanks

homer_j_3

To be fair - the 3 toughest ares being hit are

- sub prime
- self cert
- high ltv

Self employed is not good at this stage unless you have a client bank.

I would grin and bear what you have for another 6-12 months at least

sarkin

I agree stay put collect your wages, you may find in 6 months time a small brokerage will go out of business if they only do sub prime, self cert deals.

dunstonh

I would approach the bank to see if you can get your investment qualifications. Banks are a good training ground for those and they will pay for the training and exams and also pay your wage.