How to get a job as a Mortgage Adviser in the uk

[@christianbanks7458]

Thank you 🙏

[@GaryDas]

Welcome!

[@mikebarns7385]

Thanks Gary. Im in my 40s and considering a complete career change from power generation into becoming a mortgage advisor. Obviously starting a new career at the bottom there will be a massive drop in earnings! My options I think are to start this a part time venture alongside my current employment or just jump in with both feet and hope it pays off...

[@GaryDas]

Qualifications are 1 thing which are 'easy' to get, its then getting the experience and mentoring of live cases and role plays to nail the process. The main thing is being able to generate the enquiries and also support yourself for 3-6 months while waiting for properties to complete and income to be paid

[@rhythmstar3275]

It sounds like a challenging journey but I'm sure preserverance is worth it 👌 I have my exams booked December! Let's see if 2021s the year i can take some of your advice.

[@GaryDas]

You got this!

[@Lauren-qg7dq]

Would you say Foxtons is a good place to get trained

[@GaryDas]

I used to work with them in 2005 - generally estate agent training is superb

[@bobbydonahue5450]

Hi Gary, really enjoying your videos. I’ve been working as a T-BDM for the last few years at a high street bank managing a large panel of advisors. I’ve recently qualified and I’m interested in becoming a broker. I have a good handling of how banks underwrite, affordability, self employed, BTL and different mortgage types. I’m concerned about ending up in a ‘sausage factor brokerage’ with heavy sales targets where I won’t be able to develop my knowledge, especially in areas where I’m weak such as compliance. It would be good to get your perspective on how much you think having the underlying skills and knowledge of a TBDM will be when it comes to giving advice. Thanks.

[@GaryDas]

Hey Bobby, I don't know much about the TBDM role so it's hard for me today. Advice for me is local and also the confidence to say what you would do in their (the clients) circumstances and it comes with practice and seeing many different scenarios and learning about criteria which takes time. Best bet is getting a job with a great deal of support and focus on speaking to as many people as possible and submitting as many apps as possible!

[@ashleyholt1511]

I'm currently close to completing my cemap 3, currently residing in Australia I'm returning home to England feb/march of next year. With this time I am trying to study the industry as a whole because i don't want to be limited to a mortgage advisor role in such a large industry. Do you have any pointers on where to look and how to look, most things I search seem to be just for mortgage advisors or advice for buyers. I've looked into job roles like case managers, under writing, compliance etc. This weekend my project will be setting up a linkdn but I'm hoping just to get a push in the right direction. Websites, podcasts, videos on the mortgage and financial industry. Thank you

[@GaryDas]

Please check out the other videos covering these topics!!!

[@Mrlistenandlearn]

Are most mortgage advisers jobs always self employed?

[@GaryDas]

No, not at all!

[@colinpatrick2729]

Hi Gary i have just recently been working for a major uk lender having different positions from phone team, admin, case manager, underwriter and project work with system testing a new execution only platform. I did have cemap.1 and 2 but didnt get round to finishing it. I now want to finish it off and hopefully obtain a trainee mortgage advisor job with a national estate agent of some description. I have the lender side/technical/process knowledge just not necessarily the point of sale whole of market. I have also worked with a packaging company years ago in total around 16 years in mortgages. I assume all this would hold me in good stead while going for CAS once passed my cemap 3 although i dont know to what extent this may be the case. Being self employed is an end goal but taking your advice best way to do it is start as an employee. Whats your opinion on the support network/mentorship for the large estate agents

[@GaryDas]

Estate agents provide some of the best training to get great at the job. If you can get good training and support for at least 3-6 months and have leads then a self employed role can work for you also!

[@alio1361]

I left uni because I new it’s wasent for me and I dident want to be 50k in debt, so with my sisters advise who works in a bank I decided to do cemap which my fast track cemap course will start on the 23rd. Do you think it was a good choice to leave uni for the mortgage industry because I’m still not sure if it was a good choice. My plan is to do like a junior mortgage advising position after I do my cemap.

[@GaryDas]

Its impossible for me to answer. Your journey and education is yours. it depends if you value education or experience. I left college at 18 and went straight to work full time, i worked from the age of 13 helping my dad at weekends. Whats right for me is not necessarily right for you, its your choice.

[@zaink7037]

It depends really. I did a degree and masters to become a scientist but the silly thing is there's barely any trainee roles coming out near to me. I decided to do CeMAP and try getting experience in estate agents. In my CV I was able to mention the transferable skills I have from my science qualifications. Really comes down to what qualifications you get and the demand for jobs which relate to it. Covid doesn't help also during this time though I'm sure the property market is doing well still