How to Progress Your Mortgage Advice Career

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Mortgage advice can be a rewarding and lucrative career, but in order to get the most interesting and best paid roles, you’ll need to put in some study time and build up your experience. If you’re looking to progress in this field, the following guide should help.

Moving on from CeMAP

Everyone who works in this industry needs a qualification in mortgage advice that’s recognised by the Financial Conduct Authority and the Certificate in Mortgage Advice and Practice (CeMAP) is a popular option. The chances are, if you work in this field, you will already have this qualification. After all, it is generally recognised as a leading certificate within the financial services sector and more than eight in 10 mortgage advisors have it.

However, important as it is for launching your career, CeMAP may not be enough in itself to enable you to get to where you want to go. To progress in the field, it’s worth considering further study. This will require an investment of time and money, but it could significantly enhance your prospects.

Consider the CMAcert

One option is to take the Competent Mortgage Adviser certificate (CMAcert). Bear in mind that to start this training programme, you must already have your CeMAP or an equivalent qualification. The CMAcert is designed to provide you with a range of skills that are valuable and highly relevant for the work that advisors do. Accredited by the National Skills Academy, the course can help you to develop your experience and knowledge and boost your confidence, making you more employable.

It covers a range of topics, including how to attract new clients, the importance of holding structured appointments, agreeing insurance protection needs and the processes of house buying and mortgage and protection applications. The final module comprises a series of assessments, activities and case studies.

Standing out from the crowd

Especially if you feel as though you’ve already done a lot of studying and you would prefer to focus on the practicalities of your daily job, signing up for further qualifications can seem like an unnecessary hassle. Bear in mind though, mortgage advice is a competitive career path and you will be vying for roles with other candidates who may be better qualified than you. So, to stand the best chance of landing the jobs you want, you’ll need to make sure you have all the relevant credentials.

By putting the extra effort in now, you could find you are reaping the rewards for many years to come, so it’s well worth investigating your options.

Best Ways to Save Money Online

The arrival of the internet has presented us with the amazing ability to access a huge range of information at our fingertips. And the realm of commerce has also given us the chance to make some huge savings too with some of these money saving tips.

The power of vouchers

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One of the biggest movements in online commerce is to allow customers to use voucher codes to make some large savings. Voucher codes are released by companies in limited supplies in order to promote a particular product, and many online shopping baskets feature a special area where you can enter your discount code quickly and easily.

Furthermore, there are now subscription-based companies such Groupon that allow subscribers to group together in order to take advantage of limited-edition voucher offers.

Newbies unite

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Attracting new customers is a massive challenge for any new business, and thankfully it can afford the consumer the opportunity to make some great savings.

Streaming film and TV sites such as Netflix and Wuaki commonly feature a free sign-up process that allows the customer to enjoy a trial period in which to sample the company’s products.

Bargain hunting

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As the internet encourages user-generated content, it has presented many options for bargain-hunting thanks to second-hand sites. Sites such as eBay and Gumtree allow users to access an incredible range of goods from all-over the world that can uncover some surprising finds at incredibly cheap prices. The best online shopping sites can definitely provide you with the greatest deals that allows you to save more than ever.

Whereas there are now many sites like Freecycle that encourage users to give away their unwanted products for free, and as such, can help you find a bargain in your local area.

Social media savings

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The rise of social media has done much to aid the modern consumer. Simply by ‘liking’ a company on Facebook, or following them on Twitter, you can often find yourself first-in-line to receive some impressive savings.

This is because many companies use social media to reward their most loyal customers by offering them the first chance to access a particular promotion. And increasingly, companies are using sites like Instagram to reward audiences for sharing a particular image by giving them access to special offers and exclusive competitions.

Finding Funding – How to Get the Cash Together for a Major Purchase

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If you have a major purchase on the horizon, such as a new car or home renovations, the chances are you’ll need to borrow money to cover at least some of the cost. With most young people having little to no personal savings to cover thesebig expenses, sourcing alternative finance is the only option.

Times have changed a little from the days when your only option was to head to your local bank to borrow money. There are now a range of alternative ways to get a loan, and the major banks are having to step up their game to compete.

Here we’ll look at a few ways you can borrow money – some traditional, some a bit less so.

Personal Loan

Very much the tried and tested way of funding a major purchase, a personal loan from an established lender is one of the most straightforward ways of borrowing. Interest rates tend to be fairly low (depending on how much you borrow), and you may find it easier to get finance from a bank that you’ve used regularly in the past.

There are various tools for comparing the rates available from the major banks in your country, so you can shop around and try to get the best rate fairly easily online.

Peer to Peer Loans

An emerging market which looks to be a real threat to traditional lending, peer to peer loans involve other people loaning you the money instead of the banks themselves. Your risk level is calculated by a middle man, and investors are offered a return on their money for providing you with the loan.

It’s very much in the early stages, but it’s an interesting way of either borrowing money or, if you’re on the other side, investing. There’s always a risk with investing in peer to peer loans, but investors can usually set their risk tolerance to suit their investment style.

Credit Cards

If you have a good credit score it’s possible to pick up a credit card with a fairly low APR, with some even offering 0% on new purchases for the first year. The value of this approach really depends on what you’re being offered, as those with a poor or nonexistent credit history will probably struggle to get a decent rate.

If you take out a card with 0% on new purchases but you find you’re struggling to clear the balance within the year, another option would be to take out a 0% balance transfer card towards the end of the year and move the money across. Again, the credit offered to you will depend on your circumstances so it may not be a viable option for everyone.

Credit Unions

In the UK, many local areas have their own credit unions, who can provide a range of small loans for a fairly low interest rate. There will be a limit on how much you can borrow, and you will normally need to have some savings with them before they will consider your application, but it’s a great alternative if you’re only looking for a small loan.

There are a range of other financing options out there, and while some are higher risk than others there’s usually a way of pulling together the money you need. Take advantage of the internet to shop around for the right deal for you, as it’s easier than ever to find the right lender.