Career as a mortgage adviser?

[EmeraldGreen24]

Hi all,

I’m attempting to build a roadmap to understand the career path of a mortgage adviser?

• first and foremost is cemap which includes the basics of protection products too.
• then you have options to build upon cemap knowledge
• I understand that CAS status and FCA regulation is involved

my question is more down the self-employed business owner route. My understanding is you cannot be self employed in this field without joining a network? And if you’re not part of a network then you need directly authorised with the FCA which were some years ahead (I like to backwards with the end goal in mind).

I also understand that from here you can study to become a FA (financial adviser).

would you need CAS status again? Is it applicable at that point.

apologies for the questions.

I am a broker with over 20 years experience.

You can be DA or authorised via a network.

You need to do cemap. You take annual exams via your employer or network (self employed). I am unsure about DA exams.

What job do you do now? And why do you want to be a mortgage advisor?

Its a very, very tough job to get into and succeed at with no employed experience and no client base or experience. Employed with leads is tough enough. Most start out employed as the learning curve is unbelievably steep. It’s not the fact it’s difficult it’s just the amount you need to know (little of which is written anywhere). Very few people last 5 years in the role (employed). I really enjoy it but I’ve known 100s of people who have started and hated it and others that side step/ move into other roles.

As a new start in the industry you may struggle to find a network that will take you on. Even those qualified that have taken on a none broker role (management, compliance, business development) can struggle to get a network to take them on.

Sorry very pessimistic but most take an employed job with a basic and leads and then move into self employed if they enjoy/are successful.

Thank you. I currently work in sales. Have been for 6 years (financial services) card processing initially for 5 and now insurance (boiler cover). Started at 23.

What do you enjoy most about your role?

why I want to be one? Honestly just something I’m potentially considering as a new career step.

I also have been learning digital marketing specifically SEO and social media on the side just to understand more about the art of generating leads, buyer journey etc