Mortgage adviser

Entry Requirements:

You can get into this job through:

• a college course
• an apprenticeship
• working towards this role
• applying for a trainee scheme

Entry requirements:

College

You could do a college course which will give you some of the skills and knowledge to get into a trainee mortgage adviser role.

Courses include:

• Level 3 Extended Diploma in Business
• T Level in Finance

Entry requirements:

• 4 or 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, for a level 3 course
• 4 or 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, including English and maths for a T Level

Apprenticeship

You could train through an advanced apprenticeship as a mortgage adviser.

It typically takes around 12 months to complete through a mix of learning on the job and study.

Entry requirements:

• 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, including English and maths, for an advanced apprenticeship

Work

You could work your way up from a customer service adviser role in a bank or building society, or as a mortgage administrator in a firm of brokers.

You could then move on into giving mortgage advice as you gain experience and suitable qualifications.

OtherRoutes

You could apply for a mortgage adviser training scheme run by banks and building societies. It will help if you have GCSEs in English and maths, and some relevant work experience in customer service, sales or finance.

You'll need to take a qualification in mortgage advice that is recognised by the Financial Conduct Authority.

You would develop your skills through a mixture of learning on the job, and studying for an industry-regulated qualification through your employer.

Required Skills:

Digital skills : to be able to use a computer and the main software packages competently

Skills:

• customer service skills
• maths knowledge
• the ability to accept criticism and work well under pressure
• to be thorough and pay attention to detail
• ambition and a desire to succeed
• the ability to use your initiative
• analytical thinking skills
• excellent verbal communication skills
• knowledge of English language
• active listening skills
• the ability to sell products and services
• the ability to read English
• knowledge of economics and accounting
• the ability to use your judgement and make decisions
• the ability to think clearly using logic and reasoning
• thinking and reasoning skills
• administration skills
• a desire to help people
• concentration skills
• a good memory

What you'll do:

Mortgage advisers help people find, and apply for mortgages.

In your day-to-day duties you will:

• advise clients about homebuying
• find out about your client's finances
• explain the different types of mortgage
• explain about repayments and mortgage protection
• offer different mortgage options for the client to choose from
• sell other financial products like buildings or life insurance
• help the customer complete the mortgage application
• meet sales targets
• deal with estate agents, valuers and mortgage lenders
• keep up-to-date with new mortgage products and any changes in the law

Location : You could work in a contact centre, in an office, at a client's home or at a client's business.

Salary:

Starter : £22,000
Experienced : £70,000

These figures are a guide

Working hours:

36 - 38 hours a week

Working Pattern is evenings / weekends / bank holidays on shifts

Career Path:

With experience, you could manage a team of mortgage advisers, or you could choose to become a self-employed independent adviser.

You could also take further qualifications to become a financial adviser.