What can I expect from a career as a mortgage advisor?

August 12, 2015

Money

If you’re looking for a varied and rewarding career, it’s well worth considering becoming a mortgage advisor. However, before you start looking for jobs in this field, it’s important to have a clear understanding of exactly what they involve. With this in mind, here are some of the things you can expect if you set off down this path.

Opportunities to enhance your knowledge and skills

Because of the nature of the work involved, you can’t simply launch into these roles without the relevant training and qualifications. This means that before you become an advisor, you’ll need to develop your knowledge and skills with the help of specialist training programmes. There are a number of financial advisor courses on offer now and you can take these independently or through an employer. For example, the Certificate in Mortgage Advice and Practice (CeMAP) is a popular course and you can follow this up with a Certificate in Regulated Equity Release (CeRER).

Expect to keep improving your knowledge and skills throughout your career too. After all, you’ll need to stay up-to-date with all the latest industry developments and if you want to impress potential employers or clients, it’s important to have the best possible CV.

Rewarding and challenging work

One of the major draws of these roles is the fact that they can be highly rewarding. As a mortgage advisor, you’ll get to put your expertise to use to guide people through the process of buying a home, which may be one of the most important purchases they ever make. Your role can include finding out about clients’ finances, explaining the different types of mortgages on offer and selling related financial products like life and buildings insurance.

Your role will be challenging too. As well as keeping up to date with any changes in the law and making sure you always provide accurate advice that your clients can understand, you may be under pressure to meet sales targets.

Impressive earnings potential

As long as you get the right qualifications and apply yourself, you can expect generous remuneration as a mortgage advisor. If you work as an employee, you may well have the opportunity to earn commission on top of your base salary and your remuneration package could also include extras like pension benefits, insurance and a car allowance. Meanwhile, if you operate independently and are successful in attracting clients, you can expect big annual earnings through your fees or commission.

Given the range of benefits associated with mortgage advisor roles, it’s not hard to see why this is a popular career path. As long as you’re prepared to put in the hard work and you’re able to cope with pressure, this could be the perfect field for you.  

 

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