Mortgage Advisor
Take your first steps towards a whole new career as a mortgage advisor
What will the job entail?
Your role will be incredibly varied, as you will spend a lot of your working day advising your clients on a wide range of mortgage related issues. Although many of the positions in this industry are based in estate agency or similar mortgage offices in high street locations, there are also choices to work independently from home.
A brilliant career choice
Your new career as a mortgage advisor blends professional skills with technical, product knowledge and will best suit those with highly motivated communication and sales skills. Most of the key players in the property services and financial services industry will expect you to be able to work on your own initiative and be flexible enough to work closely in a team of property professionals.
What are the minimum entry and qualification requirements for a Mortgage Advisor
This career is completely open to anyone who has the enthusiasm to enter this established profession. You will not need any specific entry level qualifications to start the CeMAP (The Certificate in Mortgage Advice and Practice ) qualifications, which are the foundation qualification you will need to enter this industry.
The CeMAP qualification itself provides you with the necessary knowledge and understanding to enter the business Mortgage Advisor. For reasons of consumer protection, after you qualify you will need to secure on-the-job training lasting between 6 months to a year to gain accreditation as a competent Mortgage Advisor. See www.fsa.gov.uk for information.
The Certificate in Mortgage Advice and Practice (CeMAP) is set at 'A' level standard (equivalent to NVQ Level 3) and covers an extensive syllabus.
To achieve the CeMAP qualification you are expected to gain passes in each of the three CeMAP exam modules, which are summarised as follows:
- CeMAP Module 1 - UK Financial Regulation
- CeMAP Module 2 - Mortgages
- CeMAP Module 3 - An assessment of mortgage advice knowledge
What are the rewards and the risks
Mortgage Advice is a career with high earnings potential and fantastic careers prospects. As a fully qualified and accredited Mortgage Advisor your services will be in high demand and you can expect to earn around £25,000 pa. Bonuses are likely to lift your 'On-Target' earnings substantially higher than basic salary.
Be very careful when you choose your training provider. Some offer purely the basic training. Because of our established industry connections, we can successfully blend your academic and technical learning with opportunities to secure positions with potential employers in the financial services and property services industry.
How do I get started
If you have decided to enter the fast-moving financial services industry, or perhaps need more information about the benefits of a career change to mortgage and financial services then why not contact our team of Personal Development Advisors.
How can property-careers .com help me
- We can train you to become a mortgage advisor
- We can provide you with opportunities for business as a mortgage advisor
- We can provide opportunities for direct career placements as a mortgage advisor once you qualify
For more information on any of these career options please register your interest with us.
