Mortgage Broker Franchise


By Joe Kocsis

Many people thinking of entering the UK Financial Services Industry as mortgage advisers think that the way forward is to look for UK mortgage broker franchises with a view to buying into a mortgage franchise of some kind. In my opinion Nikita Nesterov Olympics Jersey , the reality of all this is that UK franchises either offer bad value for money or they have just not evolved yet to the required standards.

With the Financial Services Authority (FSA) now regulating the mortgage industry, it have become an extremely expensive franchise to both set up, train individuals and to maintain the standards set out by the FSA. As a consequence of this the market is either shrinking or at best standing still. With the expansion of Networks springing up in the UK, a lot of experienced advisers have scurried under their umbrella and newly qualified advisers continue to struggle to find work.

With the regulations of the mortgage industry now well on the way Dmitry Orlov Olympics Jersey , the exodus of the older and under qualified advisers has left a void and there is now a massive shortage of qualified advisers on a national basis. This is all well and good you may say but if you are a newly qualified adviser or considering entering the mortgage industry, how do you get fixed up with work without the need to buy into a mortgage franchise. Lets look at this below:

Newly Qualified Mortgage Advisers
The key to finding work as a mortgage is to quickly identify the market that you would prefer to work in, e.g. employed or self employed.

Banks, Building Societies Andrei Markov Olympics Jersey , Estate Agents
As an employee, the starting salary of a trainee mortgage adviser is around 拢18,000 - 拢25,000 plus bonuses and in some instances a company car is supplied.

These positions are ideal for individuals that require an immediate income Alexey Marchenko Olympics Jersey , security, and have a preference for being looked after and guided on a daily basis.

Mortgage Brokerages
There are however individuals who prefer a more flexible working arrangement of not having to turn up for work on a 9-5 situation and prefer to have the flexibility of working evenings and having their destiny in their own hands. Some of these brokerages offer different financial packages and the may range from fully commission only to part salary and part commission and in some instances a car may also be provided.

New Entrants and CeMAP Training Courses
Being in the Financial Services Industry for over 20 years, many people have asked me what it takes to become a qualified mortgage advisor. As the Marketing Director of Money Marketing Limited, a company that trains hundreds of budding UK mortgage advisers per month Dmitri Kulikov Olympics Jersey , I feel that I am well qualified to answer that question.

It takes dedication, focus, hard work, the ability to strive for success and a little help from cemap training courses.

So what criteria should you use when deciding on your future career direction? Well Alexei Emelin Olympics Jersey , try asking yourself a few of the following questions:

路 Do you think that you would enjoy helping people with their finances?
路 Would you prefer to be an employee?
路 Would you like to be self-employed?
路 Are you determined to become a high earner?
路 Are you intent on being successful?
路 Would you like to be in charge of your own destiny?

A 'yes' answer to most of these could mean that you could consider investigating how to become a mortgage adviser but before you do, let us look a little further. The start to becoming a UK mortgage advisor is passing a mortgage advice qualification and in my opinion the most recognised one in the UK is the Certificate in Mortgage Advice and Practice (CeMAP)

You will not need academic qualifications to be able to pass the Cemap exams but one thing you will need is a strong desire to succeed in a highly competitive industry. If you are looking to start a career in Financial Services as a mortgage advisor but are finding it hard to get your foot in the door, let our dedicated team of industry-experienced CeMAP training professionals lead the way. We have people travelling to our venues from all parts of the country including Scotland, Wales and Northern Ireland.

The best five-day cemap training courses are based on groups of around 10 people for ease of control and ability to interact with the tutor. The courses are extremely focused Andrei Vasilevskiy Olympics Jersey , intensive and prepare delegates for the CeMAP 1, 2, 3 exams. The courses fast track candidates in five-days per intensive course, in hotels throughout many regions of the UK Semyon Varlamov Olympics Jersey , including London, Coventry, Sheffield, Manchester and the North West Sergei Bobrovsky Olympics Jersey , ensuring that one of the CeMAP courses will be near to you.

The trainers successfully help individuals to pass their mortgage advice qualifications in literally days of intensive, fast track cemap training. Having said that, it can be easy for the gifted people who are just natural at passing academic exams. I recently spent a week with a group of 10 delegates on a CEMAP 2 & 3 training course and the range of abilities on the course was extremely diverse. The challenge here for the cemap trainer was to get them all to the same standard by the end of the week and prepare them for their exams, the week after. Nine out of the ten passed their relevant exams.

The challenges of the CeMAP exams are that you need to learn the qualification content and pass the exams at 70% but that is not all. Many people coming into the mortgage industry have not sat exams for years and in some cases not since they left school. Our CeMAP training courses were built for individuals who are new to the mortgage industry and as a consequence Ivan Telegin Russia Jersey , we teach the course content and mock examine you on a daily basis.