The Pros and Cons of being a Mortgage Adviser in the UK

[@marisivanovs7870]

Hi Gary, You forgot mentioned very important Con and it's a clawbacks. If one of your lovely clients decide to cancel life cover you need this money to repay back. How do clawbacks work with a mortgage? If the client found a better mortgage deal, you need also return your profit? Thanks

[@GaryDas]

Claw back is only an issue if you don't sell insurance it correctly. My clawback is less than 5% and is only due to clients selling properties, inheritance or something outside control. There is no claw back in mortgages!! Once it completes there is no going back. However if it doesn't complete you don't get paid!!

[@raeeskahn8288]

Hi Gary seen your video. In 40s is it worth trying to do the cemap especially when coming from outside the financial world as currently in food production. Would appreciate any solid advice. Cheers

[@GaryDas]

Go for it!

[@walelux]

Hi Gary, Great video. Thank you! My background is Computer science & Business analyst. I have just started studying on being a Mortgage advicer, with CeMap in mind. What are the other things/steps I should be doing,(aside the obvious -CeMap-) that would qualify me as mortgage advicer?

[@GaryDas]

Hey, your best bet is to understand the property market, read some property books, and check out mine www.active.mortgage/semg

[@saumilthakkar8938]

Ho Gary, I am MBA student nearly finish my studies and also working as Letting negotiator, What should I do to enhanced my career I have a good knowledge of Property lettings and sales but I am thinking to move forward in Mortgage Adviser. Please guide me for further career pathway for me.

[@GaryDas]

Thanks for commenting and watching my videos. Can you ask a more specific question??

[@Alexandru642]

Hi, Gary first thing to mention this is a great video! Short question , I bought a house in England about 3 years ago do I need to let my mortgage lender know if I buy a shed add some thuja plants for privacy in front of my house and make a bit of renovation to my house? Cheers.

[@GaryDas]

Hey Tot, with very limited information you have provided my belief is no you dont.

[@Alexandru642]

@@GaryDas I mean the value of the property would be changed and I thought that if I will sell it for profit probably I will get a problem with the bank if they find out

[@cristinaduminica-i5b]

Quick question?Can I work from abroad as a mortgage advisor?I am planning to spend summer months in Spain?

[@GaryDas]

Depends on the network / firm you are with.

[@lw6432]

Hi Gary First off, brillant videos. Just wondering I'm 20 and thinking of changing job paths. Looking to work either as a accountant or morgage advisor. Just quick question, what would you say the adversge salrey of a morgage broker is in the UK. Also as a video suggestion, can you do a video of your daily task you have to do as a morgage broker. Many thanks and keep it up

[@GaryDas]

Hey Levi, check out my other video's as i have covered off "a day int he life of" before. With regard to salary - £20K right up to over 6 figures! All depends how hard you are willing to work!

[@johnnyo8510]

Hey Gary, thanks for this video. I have been thinking of re training as a mortgage advisor, i am currently in medical background. is there any training academy that would recommend ? many thanks

[@GaryDas]

Look at Simply Academy or Future Trend

[@shillavlogs2383]

Hi Gary, thank you for your video, very helpful. I just completed my CeMap and CeRER, can you give me some tips on finding my first job? I am also considering studying CeMap Diploma, do recommend it? I live in Canterbury Kent if you can recommend any firm. Thank you

[@GaryDas]

Im going to do a video on this as i get this question alot. You need to contact every business in your local area. The question to ask yourself is why do you want to do the Diploma, the exams DO NOT teach you HOW to do the job.

[@gdsgandhyok]

Hi Gary, How's life? I am a banker in India with 13+ year experience in retail banking and credit appraisals. I am coming to Uk for Msc International Business. What are the career prospects post CeMAP certification?

[@GaryDas]

Get a trainee adviser position, or check out companies that take on CeMAP qualified self-employed and train you.

[@pascalsauvage2275]

The situation here is dryer than ghandis flip flop!

[@Mrlistenandlearn]

Hi Gary I am thinking of joining a franchise to help fast track my cemap and get customer service experience in this field - the role is commission based thought - what's your opinion on this? I have 0 experience.

[@GaryDas]

You will need to work excepptional hard and make sure you have good mentors through your self employed commission only start. We have 3 brokers with us now we are mentoring through the journey!

[@jackcurtis3349]

Hi Gary, I'm currently serving in the British army and I'm thinking of a complete career change. The army will help me with costs for courses ect, so would you recommend I do the CeMAP in the next year myself then go to a company for a few years before trying myself. I'm not trying to run before I can walk, but I had a lot of sales jobs before joining and feel I have the drive to fly to where I want to be. I've tried to find your Facebook group you've started but the link isn't working. Cheers for the videos

[@GaryDas]

Hey Jack, sounds like the perfect thing to do, get CeMAP and then get a job to learn the role. We have closed the new adviser facebook group.

[@jackcurtis3349]

@@GaryDas what companies would you recommend? Maybe I could approach them before I do the CeMAP? I live in Hereford. Originally from Kent (Gravesend if you know it). Would you recommend I stay here or go back home as house prices is a lot more

[@Charlie0311]

Hey, I'm 15 years old and know that I want to work in sales when I'm older. I'm just not sure what industry to work in. I'm interested in finance so I was thinking of some sort of financial sales or being an insurance broker, but I could also imagine myself being an estate agent in London(guess I'm just really confused). Any advice would be much appreciated 👍👍

[@GaryDas]

Hey Charlie, nice work taking action and reaching out for help. Sales is a vital skills, at this point in your journey, i would recommend getting as much experience as you can in sales, telesales, face to face... doesnt matter where. I had 7/8 sales jobs before i got in to mortgages and they helped me be better, because you learn different ways of selling in different jobs and industries. Does that help??

[@bgurung9046]

Hello Gary, where is your mortgage business based? My wife just passed her CeMAP 1 test today. Thank you.

[@GaryDas]

Congratulations to your wife. ww.active.mortgage is my brokerage.

[@bgurung9046]

@@GaryDas Thank you very much Gary. I will have a look into it.

[@jonathantaylor3591]

Hi Gary, currently training to be a tax advisor but feeling that a career in a more client facing role might be more suited for me. Hence looking into mortgage advise, is there anyway to get a taste for the study/work to see if it might be for me, I turned 30 last year.

[@GaryDas]

Hey, do you know any mortgage brokers locally to you, you could sit with for a day? The exams teach you bugger all about doing the job so you need to be more interested in what a day looks like!

[@jackbeighton7761]

Hey Gary, I'm 20 and recently dropped out of university and I'm unsure of whether I'd prefer mortgage advisory or being an estate agent. Any advice?

[@GaryDas]

Go and work in an estate agents learn the job and observe / speak to the mortgage adviser. You dont know until you try both. Getting in to EA is much quicker and requires no qualifications

[@jackbeighton7761]

@@GaryDas Brilliant, cheers for the quick reply mate

[@j.m3620]

Hi! Great video, appreciate the content. I have a couple questions when you have time, I am currently considering a career switch to a self-employed Mortgage Advisor. I will be mentored by a friend, he currently runs his own business with 2000 clients. I would be working alongside him, starting with his training, guidance, and leads. This will be a complete career switch for me (Currently a Personal Trainer). Would you consider this to be a good avenue to start? Even with no experience? Lastly, how much revision/ time is required to pass the CF1 and CF6 exams? Could you pass in months? Years? Providing hours of daily revision. My other worry is stress, I’m always told how stressful and “full on” this job is. Currently working as a personal trainer. I roughly work 50 hour weeks but they are relatively relaxed. Might be a huge shock to the system so was wondering if you have another job you have worked previously and have something to compare it too? Have you lost a big part of your social/ hobbies and personal life? Thanks a lot for your help.

[@GaryDas]

Hey JM, big questions for comments, ill shoot those as videos for the channel! - As long as you have teh mentoring from A-Z of every case you work on then it should be fine. I trained someone with no experience and he did £150k in year 1. - Revision i cannot answer, i did my exams in 2003 and i did CeMAP - Stress - it is a stressful job. Clients can be demanding. In 2016 i started all over again for the 3rd time in business and this industry, I did 6 days weeks and 9 to 9pm and banked £330k. There after i started working a 4 day week and managed to maintain my sales levels. Now my brokerage is 13 advisers and i have more time than ever. The reason you lose social/hobbies/personal life has to be short term pain for long term gain. Most advisers get stuck because they arent trained by someone who knows how to achieve a lifestyle whilst earning a decent income

[@vipinchakrapani4199]

Hi Gary, I would like to become a mortgage advisor. I'm 50 years old. Is it too late to enter into this profession? I was an accountancy lecturer. Currnly I am a driving instructor (wanted a flexible job) Do i need leave my current job to get some traning and industry experience?

[@GaryDas]

Hi Vipan, i know a number of advisers who have started part time working alongside their current employment. You can get cemap self study online and then find a trainee job with a network like new leaf

[@vipinchakrapani4199]

@@GaryDas Thank you Gary for the quick response. It is really motivating. How can I get you as my mentor?

[@rohdoug]

I heard I need to a financial education background?

[@GaryDas]

You certainly don't, thats mis information

[@bethscott1562]

Hi Gary, What is the landscape for women in this industry? Thank you

[@GaryDas]

Not quite sure what that means, but i can tell you 60% of my team in my brokerage are female.

[@bethscott1562]

@@GaryDas Thank you. Sadly, I have experienced a lot of sexism in my current industry. Thanks for encouraging me to make a career change.

[@Sayanldn]

Can the CeMap qualification be learnt independently or would attending virtual classes be better?

[@GaryDas]

Depends on your learning style!

[@zaink7037]

I'm doing mine independently but with tutor support. Depends like Gary said on your learning style

[@Christopherholdenbiz]

Hey Gary first video I've watched on looking into becoming a mortgage broker, really informative!! Cheers. If there any scope, once qualified with the cemap to start as self employed or is it necessary to work at a firm first? Plus can it be done on a part time basis (full time firefighter). Sorry for all the questions. Cheers chris

[@GaryDas]

I'm going to do a video on this because there is too much thought process about becoming self-employed when you haven't even done the job, you are under estimating how long it takes to be an expert. Hang fire for that video!!

[@Christopherholdenbiz]

@@GaryDas great look forward to watching it. Cheers Gary

[@gavinb7761]

@@GaryDas this 👆🏻

[@takilove3566]

Thank u so much for this

[@GaryDas]

My pleasure 😊

[@stevenking1875]

Hi Gary Your videos are very informative I’ve recently been made redundant in my job and have started to study for cemap I am 45 years old , am I doing this to late ?? I understand that I need to do CAS after the exams but are companies going to take me on at my age ?

[@GaryDas]

All about belief and mindset, along with ability to use tech as its vital in this industry right now. Age is just a number

[@alphaomega1089]

I understand his pain, now. It's like that MA is withholding that dream from everyone.

[@GaryDas]

Huh… can you be less cryptic

[@alphaomega1089]

@@GaryDas thought it was clearly stated. Wanted to see why this profession was ranked 2nd on that most wanted list. Didn't seem fair. 1. tax man. 2. politicians. 3. traffic cops. 4. lawyers. 5. journalists. 6. call centre workers. 7. real estate agents and secondhand car dealerships share this spot. 8. mechanics. 9. dentists are most feared but not really hated.

[@charliehumber4013]

Hi Gary, I’m planning on working towards my CeMap 3 and becoming a mortgage advisor in the future. With the flexible working hours does that involve weekends as well. Is there a high likelihood I would have to put playing football to the side in order to work as an advisor?

[@GaryDas]

No you shouldn't need to drop your football. You need to live to work, not work to live. Depends if you work in a bank or linked to an estate agent, some require you to work Saturdays, so consider that when finding a job. Once you are competent and in a few years of experience there could be the option to be self-employed and work whatever days/hours you want.

[@wrightyy]

From personal experience: Con, it's boring as shit. Pro, I don't know, I had a really nice company car?

[@GaryDas]

Interesting view! Helped people change their lives if the big one

[@Jamolioz]

Hi Gary, I’m a sales call handler at a mortgage advice company. I am considering becoming a broker and the company I work for likes to promote from within and will pay for me to take the exams. However that will take at least a year before they offer this to me, would it be worth paying to take the exam myself to fastrack myself to getting the role or should I wait??

[@GaryDas]

Whats stopping you, if you know you want to do it and you can pass on your own, why wait for them

[@athenspiponides2829]

Hi Gary, I have a first class honours in Real Estate & with over 1.5 years in property finance. I’m thinking of getting into mortgage advice but haven’t started any CeMap exams etc. What shall I do first? Would a company appoint me whilst doing my exams or?

[@GaryDas]

Depends what is available. You can apply to every company locally, whilst completing the exams.