What is a mortgage broker?
Mortgage advisers are effectively sales people. But mortgages are also a regulated product, which means that advisers are under a legal obligation to give the right advice, and sell customers the product that best suits their requirements and financial position.
If I work in Mortgage Broking what will I be doing?
Typical activities include:
- Offering information on various mortgage products to help the customer make an informed choice.
- Assisting with the mortgage application process.
- Advising the customer about repayments and mortgage protection policies.
- Advising on related products such as buildings insurance and life insurance.
- Liaising with other professionals such as estate agents, surveyors and mortgage lenders.
- Keeping up to date with new mortgage products.
- Keeping up to date with regulatory changes.
Most mortgage advisers are based in a branch office, which means that customers come to you. However, customers are increasingly making financial decisions themselves, and want to get advice as and when they need it. As a result, they may call advisers in contact centres while they fill in their own applications on the Internet.
How do I get a graduate scheme / internship / entry level job or career in Mortgage Advisory?
Obtaining a graduate scheme, internship or entry level role in Mortgage Advisory can be very challenging and competitive – though very achievable by getting your application, CV, interview and general approach right. You can guarantee that ninety percent of applicants for Mortgage Advisory roles will not know how to apply, so getting your application in the top ten percent makes things a lot more achievable.
Approaching the company in the right way will make all the difference. Combining the right approach with a strong interview (and in some cases assessment centre) writ a strong focused tailored CV will go a long way. Make sure you have gone through the free videos on this sight by entering your name and email address in the top right of this screen underneath the video. Once you have filled this in you will have instant access to everything you need to secure your career in Mortgage Advisory.
