The mortgage broker plays a critical role in ensuring property sales are supported by successful financing. The role also involves helping prospective home buyers or home owners seeking to refinance get the most appropriate combination of lending and associated financial services products. Success requires a mix of technical expertise and industry experience and typically offers self-starters the potential for great rewards
The suitable applicant will have a proven track record of success arranging mortgages and assisting in the completion of property sales. Overall knowledge of the property and financing industries, as well as local experience are normally considered essential attributes. Full CeMAP qualification or a similar industry certification is typically required
The mortgage broker may be based in one office or cover several offices across a dedicated region. Senior roles may involve assisting company principals develop strategy as well as coaching colleagues to expand financial services transaction opportunities
The ability of this individual to capitalise on opportunities in lending as well as other areas of financial services (such as general insurance, critical illness and life insurance) is typically the key factor in remuneration. Typical OTE earnings of £40,000 can be expected, with base salaries ranging £18,000-£25,000. Potential income of £80,000 is possible.