It is difficult to decide what profession we should enter and for many people, they only make that decision when they see somebody else doing a job and think ‘hey, I’d like to do that’.
Watching a mortgage advisor, whether in a bank, building society, estate agents or an independent mortgage advisor in an office or even in your own home, the job might look quite simple, certainly well-paid and it is easy to forget the hard work it took them to get there.
Doing your CeMAP training and taking the exams is only the first step in unlocking the door to this profession. The first step is to take the CeMAP exams, which can be taken in a town local to you, and the second is then to get your Competent Advisor Status, which can take anything from 4-12 months and involves on-the-job training.
So why should one become a mortgage advisor?
Once you’ve got your Competent Advisor Status, the world really is your oyster and there is no cao to your earnings. In this job, the harder you work, the more you will earn and it is not unknown for mortgage advisors to earn in excess of £100,000 and many make more than £50,000 per year.
So, to get started, you need to do your CeMAP training. There are many CeMAP training courses around, in a city close to you, such as Birmingham, Manchester, Liverpool, Leeds, Edinburgh, Glasgow or London, and more, or alternatively, there are CeMAP home study courses. To choose your course, be sure to choose a reputable training provider and if you do want to explore the home study option, which is great if you do not want to take time off work or want to study at your own pace, then be sure to search for a course that offers email or telephone support.
In addition, some training providers have partnerships with companies who will be able to put you through your competent advisor status – but be careful, you should not have to pay a penny for this. It should be on-the-job training with the chance for you to start earning during this period.