| The lure of becoming self-employed and no longer | | | | certain product types - such as buy-to-lets and bridging |
| having to answer to your boss is strong in the | | | | loans - and will also focus on specific types of clients |
| mortgage industry. A high proportion of mortgage | | | | such as property investors. By concentrating on a |
| brokers eventually leave their positions of employment | | | | small section of the overall finance market them will |
| to practise advising on their own once they gain the | | | | gain expertise and will be able to advise their clients |
| skills and experience necessary to do so. | | | | better. |
| Many mortgage brokers and financial advisers opt for | | | | Mortgage brokers who choose to leave employment |
| the self-employment route in the UK. Working for | | | | will also be able to choose the location of their work |
| yourself can be a rewarding experience both | | | | and what hours they work. This is one of the main |
| financially and intrinsically. Not having to work under the | | | | benefits to becoming self-employed. Some brokers |
| careful scrutiny of a manager or having to feel guilty | | | | may even work from home and will therefore save |
| about calling in sick on a Monday are just a few of the | | | | themselves the time, hassle, and expense of the daily |
| many benefits of being self-employed, but more than | | | | commute. |
| anything it can provide them with the opportunity to | | | | Careful consideration should be given to becoming |
| provide a more personalised service to their clients. | | | | self-employed in the mortgage field, however, as |
| Those who opt to start their own business can | | | | regulation is strict and compliance can be costly and |
| choose which clients they want to work with and can | | | | time consuming. Mortgage brokers who do not work |
| specialise in certain products as well. There is a broad | | | | under the protection of an employer will need to make |
| range of mortgage products on offer these days, | | | | their own arrangements regarding compliance with the |
| including residential, buy-to-let, lifetime mortgages, | | | | regulatory requirements of the Financial Services |
| bridging loans, commercial finance, and much more. | | | | Authority. |
| Some self-employed brokers choose to specialise in | | | | |