Want to become a self-employed Mortgage Broker?

So you want to become a Self-employed Mortgage Adviser?

We are without doubt entering a hugely exciting phase in the financial planning and mortgage broker profession. With the changes to the economy, rates and products constantly changing, the squeeze on household currently is forcing a lot more people to investigate ways they can cut costs and secure new mortgage deals ahead of more rate increases in the coming months and years to come.

 With the exit of nearly one in five financial planners/ mortgage advisors in the next 5 years it’s going to leave a huge gap in the market for new financial planning and mortgage companies. With the lack of advisors out there, the next generation of business owners have never had it easier when starting your own financial planning or mortgage company.

 Many “entrepreneurial minded” financial planners and mortgage advisers want to break free from the shackles of being employed. It may be getting to the point within your career where you strongly believe you can do the job better and/or earn a lot more commission and avoid the pitfalls and challenges you’ve seen other companies fail at. Or quite simply you just want to be master of your own destiny and feel that being employed doesn’t fit your personal and professional values, family commitments or life goals.

So, you are keen to go at it alone but where do you start?!

Well, the good news is that it has never been easier to start up your own financial planning or mortgage company. With outsourced paraplanning, administration, lead generation and compliance support along with affordable support services like marketing, social media support and personal assistants. There is also new time-saving technology to catapult your business to the next level and ensure you get the best start to your new venture.

We’ve spoken to hundreds of companies of all different shapes and sizes. So here are the key 5-points we think is a great place to start when considering making the jump self employed:

1.  Create your business plan – Have a thought out process and plan.
2. Decide whether you’re going to be a registered individual, go under a network, work with an A.R under their established brand or join a directly authorised business. (There are many platforms and different types of companies to go self-employed with, unless you want to start from scratch and set up your own business)
3. Will you want Office space or work from home? How do you want to work?
4. What sets you apart from the other firms? (Is there anything you can do differently? Are you going to focus on a niche type of client or product?)
5. Set yourself your first 3,6,9 and 12 month targets and work out where you will get your business from.

 Planning is the key to running a successful mortgage company. Those who don’t have a good structure and plan, are usually those who fail.

Failing to plan, is planning to fail. Make sure you have really thought about your process, your daily activity and how you are going to generate your own business.

The first thing we would suggest to do is when creating your business plan, look at how you’re going to generate business within the first 3, 6, 9, and 12 months, and what you want it to look like at each stage. If you can speak to people who have already made the jump, a great place to start is groups and networks on linkedIn. Talk to Integro who have helped hundreds of people in the last 12 months make the jump to self-employed, we can talk you through the advantages and pit falls that you need to consider.   

We are passionate about supporting Mortgage Brokers making the switch to going self-employed and work with some of the best brands across the UK who offer various different platforms. Book in a call with one of our consultants and we can discuss options that will work for you.

0161 989 3245 or email hello@integro.partners

So…I hear you thinking, what now?

1      If you are at that point in your career where you would like to start up your own financial planning or mortgage company. Reach out to Integro Partners  we can help you make the jump with trusted companies who can support you on your self-employed Mortgage Broker journey. (Options to help you switch to going self-employed with leads and admin support, but also “Business Set-Up” platforms that will also be worth discussing)

 2      Make the decision around being a registered individual, appointed representative or the directly authorised route.

 3      Speak to people in the know. Here at Integro Partners, we can help discuss the options some of our self-employed roles have to offer and what you need to do to progress into your new self-employed role.

 4      Finally, just do it! If you never do it, you’ll always spend time wondering what could have been. There is nothing worse than living life wondering, what if?

 If you are on the fence or just wondering how things work, it all starts with a confidential chat with one of our Specialist Talent Consultants. We can provide you with the information you need to see if it will be right for you and also make you aware of some of the best Self-Employed Mortgage opportunities across the UK

 Give us a call today on 0161 989 3245 and speak to one of our Consultants today hello@integro.partners