ANOTHER Cemap Thread..

[WelshAsh]

Hi guys,

I appreciate this has probably been asked a thousand times already but I'm sure you appreciate that it's always good to get personally tailored advice!

I'm currently employed in the motor trade earning OK money (c. £30k & Car) for 50+ hour weeks. I'm beginning to hate the job so it's really time I started making plans for a career so in the future I can have more of a life with my young family.

I'm 28 years old, and have been selling cars/car finance & GI policies for 6 years. I spent a year as a trainee stock broker but didn't really enjoy the hours of cold calling selling high risk investments!

I recently sat and passed my CEMAP 1 test, and have just registered for CEMAP 2 & 3 which I'll sit soon as I can get the right day off. Basically, I'm in the same position as many others - I would like to be self-employed, but only once I've got a steady footing and maybe a client base to work from. I am willing to take a pay cut for the next year or so to achieve this, but whats the best way to get through the door of a firm that is able to "sign me off"? Would they resent it if I waited until I was signed off as capable and then left, or would they be satisfied with the commission they would have earned from me during my time with them?

Also, this may be a stupid question, but if I only held the CEMAP qualification would I be restricted in recommending Interest Only mortgages due to not being able to offer investments (ISAs, endowments etc)?

I live in South Wales, If any of you guys are looking for a trainee mortgage advisor then please get in touch, or please reply with any useful info!

Regards,

Ash

 

[Strontium Dog]

I wouldn't think about entering the mortgage industry at the moment - there is not the work around. All brokers have either cut staff or put them on short time. I know of several brokers currently retraining in other areas - and these are people with a number of years experience in the industry. Probably not what you're wanting to hear.

 

[WelshAsh]

It's not what I want to hear, albeit I know your right. The thing is, being employed in the motor trade as I am at present, there is an element of already being "in the frying pan" so while neither business is booming, I figure I may as well get my footing in a new industry with proper career prospects.

Maybe I am being optimistic but we'll see what the future holds!

Thanks for your reply,

Ash