You are a hero Gary. I have spent the last 2 weeks trying to work out how to enter the industry and you have just doubled my knowledge in 20 minutes. I owe you a pint.
You’re more than welcome! There’s plenty of videos on the channel that could help. I have a number of free resources as well that you might like? Let me know if you’re interested by following and DMing me over on Instagram
Interesting to read your article on this online on your website. I notice you list your best networks …. are you listing those in order? That is, Primis is top of the list so are they number one in your mind? Also, if you HAD to chose, would you chose a network which of these would you choose?: Linear (under Primis) or Connect (under Stonebridge) ? Thanks - your advice here would be a Godsend as I am undecided and need to choose. :-/
Another great video, I am just starting my carrer as mortgage advisor, I was looking for some business plans, ideas to be succesful in the industry but I ended up another video which isn't what I wanted but it definetely has a lot of value, my firm ( I'm not a principal ) is under the Sesame Network, what are your thoughts about that network? Are you able to highlight any pros and cons about them? It mght help me in the furture before I becoe "pro" :) You haven't mentioned them at all in the video. Thanks.
The reason I haven't mentioned them is because i don't know much about them. I have only mentioned the ones that my mentees have told me are good, I do not have anyne with sesame which speaks volumes in itself.
Best of luck choosing the right one, its a bit like dating with out speaking to them all how do you know which is the right now, what you do and dont like
Hi Gary - firstly, thank you for your content. Context: I currently work as a stock trader at an investment bank (circa 5 years experience) and am considering a career change. Starting 2023, I will self fund the CeMAP qualification and look to set-up my own mortgage advisory firm (likely sensible to start under a Network before become DA as soon as reasonably possible). Fully cognisant this will come with its own set of challenges, but am highly ambitious and prepared to work through said issues. 2 questions for you: 1. Once qualified, CAS status seems to be the reasonable initial problem to solve. I see in the comments below you have recommended 'New Leaf' network who work with non-CAS qualified advisors to become CAS. In theory (& if you were in my position), would you recommend becoming CAS with one Network (i.e. New Leaf) before migrating to another network that offers better tools for professional development (i.e. PRIMIS/HLP/Stonebridge etc). I understand CAS status is not necessarily transferrable between Networks but new Networks will likely acknowledge the fact you have already been CAS qualified; moreover, if you are actually competent I can imagine re-obtaining CAS under a new Network shouldn't be an issue. 2. Are you aware of any reason why you cannot be a mortgage advisor remotely/from another country? Thank you in advance
Thank you! 1. Cemap is like a driving theory test. Placing business is like your driving lessons. CAS is like your driving test. You need several files to be competent to be given it. I would find a network that you want to stay with for 2-3 years rather than hoping around, many have restrictive covernants in their contract so be mindful to read it properly. 2. many networks limit you for various reasons and prefer you to be on UK soil to work with UK mortgages. Many networks don't like UK advisers working with investors living abroad either.
@@GaryDas Thank you very much for your response and welcome back after XMAS. In which case, I see newly qualified advisors are left with 2 options: 1. Becoming an employed CAS (circa 1 year for rigorous CAS training, such as at Active) before becoming self-employed 2. Becoming a self-employed CAS under a network (potentially locked in under a restrictive covenant for 2-3 years) 3 subsequent questions (before I leave you alone): 1. Why do you recommend New Leaf as a Network to assist you in becoming self-employed CAS? 2. Would I be wrong to deduce there are no regulatory restrictions for DA's working abroad? Would you mind sharing any links/information to read more about that? 3. Working in finance, I am conscious OTC/bilateral derivatives have become increasingly regulated over the past 10 years. Would you say it has consequently become harder to make money as a mortgage brokerage? Are there incoming changes to the mortgage industry that are worsening conditions (in terms of P&L £ opportunity)? Thank you in advance
Hi. I qualified over 5 years ago but haven't been able to start up with any network. Do you know which network will consider taking on advisers who have no mortgage advice experience?
The reason is you cannot join a network without experience. Networks provide compliance support, they don't generally teach you how to do the job. Go and get a job or work with a company who can train you, support you and show you how to do the job of a mortgage broker.
A great video very informative. I have over 5 years experience with a really good lender and I am ready to choose a network to work with. In your opinion on what does great preparation looks like when arranging these meetings with a network?
Hey Vinny, a network is not like looking for a job in a bank. Just be yourself. If you have never been a broker you should work with someone who can mentor you for 1-2 years.
I have this question. If an advisor have been taken off panel or the company he works under. Most of the network wouldn't take him on as of his previous record . What would you suggest ?
@@GaryDas I understand. You know very well that most of the lenders don't give out the reason. Maybe it's something he did it someone else in the company. Would you be able to suggest some decent directly authorized firm please .
@@dreams_unlimited129 For an appeal you will need to get a compliance firm or the network should manage this on their behalf. Without more information i couldnt tell you a Directly authorised firm. I have a DA firm and would need some more information.
Interesting video Gary, In your opinion what is the best crm system on the market? what's the best diary management system? or is this included within a good crm system?
It is included within a good CRM. There are many to choose from and I recommend testing them all. I implemented one in 2018 and it has helped me scale from 2 to 14. I have now began the process of developing my own to take my brokerage to the next level and get more accurate data
Hi Gary, Hope you are well. I’ve just completed CeMap and would like to do a self employed CAS. I see there are various networks that do ‘mentor to CAS’ , which network(s) would you recommend? Does your network do such a program?
I’m hoping to qualify as CeMap this year. I’m a self-employed accountant and have a plan to tap into my current clients for their mortgage needs. There is a demand there as I have over 200 clients. Although I work every day much of my time after becoming CeMap qualified would still need to go towards the accountancy side so the mortgages element would have to be built up slowly as I won’t be able to dedicate 100% of my time to it. With these circumstances which network would be best for me? Would Primis be the best fit? Thanks.
I think you will find it hard to work as an accountant managing your clients and offering mortgages, but that depends on your organisation and ATD. Impossible for me to answer which network is best for you, you need to do your own DD and make sure they can help you achieve your goals. But i dont think a network is the best place for you starting out - you need to work under a firm who can support, guide and train you
Thank you for replying. I was hoping to concentrate initially on the clients I already have and also new mortgage clients in the (very) local vicinity. Using the accountancy work to gain some exposure to the fact that I offer mortgage advice in order to build up a client base for mortgages. My long-term idea is to move away from the accountancy, perhaps sell the practice and go all out into mortgage advice; but yes I do worry how I will manage this. I guess working for a firm and trying to carry on my own business simultaneously is also something that would be extremely difficult.
Hi Gary are there networks which would take on a newly qualified cemap with no experience? (Still thinking about beginning cemap) I am looking to become self employed as I have a lead generation website which was originally bringing leads in for other brokers but I want to work with these leads myself. I am not sure the best way to go about this as I am worried just doing a cemap won't give me the experience I need to work with my leads.
Hey Imran, some companies will, have a look at firms local to you as a first point, also look at estate agency and make sure what ever firm you go with they have solid training to take you to competency and support with researching mortgage deals, thats hte hardest part of the job, lender knowlegde. The rest is process.
Finally passed my CeMap exams. Yay! I will be proceeding from scratch as SE. A daunting task I guess! I’m assuming that my immediate priorities are… register with the FCA and then find a mortgage network? Any other steps I need to take in the immediate aftermath of finishing my final exam?
You do not register with the FCA - the network or the company you work for will do that. I wouldnt recommend a network - i would recommend a company to work under as an RI who are prepared to coach you
@@DylanLloyd-qc3pyim also just about to qualify, would appreciate any advice you have when looking into networks. Would you be open to sharing your experiences
Hi your videos are always helpful and informative. Maybe you can advice me about what I am going to do next. I am joining Just Mortgages as a new Adviser but through a principle. Not gonna lie I don't know how does it work my training is in 3 weeks so I will find out if you can highlight few bits it would be much appreciated. Thanks in advance
Hey Usman, your best bet is to ask JM as they are now your "employer" so they will have a completely different way of training to others. You should expect to be trained on Fact finding, researching, lender criteria, sourcing and submitting AIPs and Applications, you find it is quite an intense 3 weeks to get you up to speed quickly.
Hi Gary, it was really very useful video. I just passed CeMap 3. Looking forward to work with a network to get CAS status. Also I would like to do this as a self employed. Pls give me some suggestions. I would appreciate it. Thanks
Best of luck! Its going to be tough doing it under a network, instead of directly with a firm. Check our new leaf, Openwork and Just Mortgages, but once you get CAS move from them to www.active-financial.co.uk
SJP are wealth management, so not very good for mortgages. Unless you want to be a wealth manager/IFA. Even still if you want to get better at mortgage join a mortgage firm not a company that predominetely focuses on wealth.
Hi Gary, great video. I subscribed and will work my way through the rest of your content. I have been out of the industry for 10 years as I have been living abroad. I am back permanently in Feb and want to return to the industry. Ideally, I want to be self employed, but would you advise taking a job first in order to get myself up to date/speed? Thanks again.
It depends, if you have experience the industry hasnt changed much. I built an isnurance brokerage from 2009 to 2015 and got back to mortgages 2016. Not much had changed. So i would say find a firm to be SE under and get up to date then decide how you want to proceed from there
![YoungBoy Never Broke Again - Missing Everything [Official Video]](http://i.ytimg.com/vi/dTYeMZGzOzw/mqdefault.jpg)
You are a hero Gary. I have spent the last 2 weeks trying to work out how to enter the industry and you have just doubled my knowledge in 20 minutes. I owe you a pint.
You’re more than welcome! There’s plenty of videos on the channel that could help. I have a number of free resources as well that you might like? Let me know if you’re interested by following and DMing me over on Instagram
Interesting to read your article on this online on your website. I notice you list your best networks …. are you listing those in order? That is, Primis is top of the list so are they number one in your mind?
Also, if you HAD to chose, would you chose a network which of these would you choose?:
Linear (under Primis)
or Connect (under Stonebridge)
?
Thanks - your advice here would be a Godsend as I am undecided and need to choose. :-/
How experienced are you?
@@GaryDas not at all. Just passed CeMap and looking for a network. Thinking of Linear as a RI. ?
Hi Gary. Great video. Link to your 30 leads does not seem to work... Would love to get a copy please.
Hey thanks for letting me know! Where are you clicking to grab it please?
Want to generate more leads and increase your sales but not sure how? Register for my next FREE training here: bit.ly/GD_FREE_Training
Another great video, I am just starting my carrer as mortgage advisor, I was looking for some business plans, ideas to be succesful in the industry but I ended up another video which isn't what I wanted but it definetely has a lot of value, my firm ( I'm not a principal ) is under the Sesame Network, what are your thoughts about that network? Are you able to highlight any pros and cons about them? It mght help me in the furture before I becoe "pro" :) You haven't mentioned them at all in the video. Thanks.
The reason I haven't mentioned them is because i don't know much about them.
I have only mentioned the ones that my mentees have told me are good, I do not have anyne with sesame which speaks volumes in itself.
Absolutely brilliant. Thank you. Im looking start on my own. I have been working for a network for over 2 years
Best of luck choosing the right one, its a bit like dating with out speaking to them all how do you know which is the right now, what you do and dont like
Hi Gary - firstly, thank you for your content.
Context: I currently work as a stock trader at an investment bank (circa 5 years experience) and am considering a career change. Starting 2023, I will self fund the CeMAP qualification and look to set-up my own mortgage advisory firm (likely sensible to start under a Network before become DA as soon as reasonably possible). Fully cognisant this will come with its own set of challenges, but am highly ambitious and prepared to work through said issues.
2 questions for you:
1. Once qualified, CAS status seems to be the reasonable initial problem to solve. I see in the comments below you have recommended 'New Leaf' network who work with non-CAS qualified advisors to become CAS. In theory (& if you were in my position), would you recommend becoming CAS with one Network (i.e. New Leaf) before migrating to another network that offers better tools for professional development (i.e. PRIMIS/HLP/Stonebridge etc). I understand CAS status is not necessarily transferrable between Networks but new Networks will likely acknowledge the fact you have already been CAS qualified; moreover, if you are actually competent I can imagine re-obtaining CAS under a new Network shouldn't be an issue.
2. Are you aware of any reason why you cannot be a mortgage advisor remotely/from another country?
Thank you in advance
Thank you!
1. Cemap is like a driving theory test. Placing business is like your driving lessons. CAS is like your driving test. You need several files to be competent to be given it. I would find a network that you want to stay with for 2-3 years rather than hoping around, many have restrictive covernants in their contract so be mindful to read it properly.
2. many networks limit you for various reasons and prefer you to be on UK soil to work with UK mortgages. Many networks don't like UK advisers working with investors living abroad either.
@@GaryDas Thank you very much for your response and welcome back after XMAS.
In which case, I see newly qualified advisors are left with 2 options:
1. Becoming an employed CAS (circa 1 year for rigorous CAS training, such as at Active) before becoming self-employed
2. Becoming a self-employed CAS under a network (potentially locked in under a restrictive covenant for 2-3 years)
3 subsequent questions (before I leave you alone):
1. Why do you recommend New Leaf as a Network to assist you in becoming self-employed CAS?
2. Would I be wrong to deduce there are no regulatory restrictions for DA's working abroad? Would you mind sharing any links/information to read more about that?
3. Working in finance, I am conscious OTC/bilateral derivatives have become increasingly regulated over the past 10 years. Would you say it has consequently become harder to make money as a mortgage brokerage? Are there incoming changes to the mortgage industry that are worsening conditions (in terms of P&L £ opportunity)?
Thank you in advance
Hi. I qualified over 5 years ago but haven't been able to start up with any network. Do you know which network will consider taking on advisers who have no mortgage advice experience?
The reason is you cannot join a network without experience. Networks provide compliance support, they don't generally teach you how to do the job.
Go and get a job or work with a company who can train you, support you and show you how to do the job of a mortgage broker.
A great video very informative. I have over 5 years experience with a really good lender and I am ready to choose a network to work with. In your opinion on what does great preparation looks like when arranging these meetings with a network?
Hey Vinny, a network is not like looking for a job in a bank.
Just be yourself. If you have never been a broker you should work with someone who can mentor you for 1-2 years.
I have this question. If an advisor have been taken off panel or the company he works under. Most of the network wouldn't take him on as of his previous record . What would you suggest ?
It depends on the reason why - the only option is to join a DA (directly authorised) firm as a self-employed adviser
@@GaryDas I understand. You know very well that most of the lenders don't give out the reason. Maybe it's something he did it someone else in the company. Would you be able to suggest some decent directly authorized firm please .
@@GaryDas and any company you know who can do / prepare a appeal on this behalf
@@dreams_unlimited129 For an appeal you will need to get a compliance firm or the network should manage this on their behalf. Without more information i couldnt tell you a Directly authorised firm. I have a DA firm and would need some more information.
@@GaryDas you have been very kind and helpful. Hopefully will tell him to contact you.
Interesting video Gary, In your opinion what is the best crm system on the market? what's the best diary management system? or is this included within a good crm system?
It is included within a good CRM. There are many to choose from and I recommend testing them all. I implemented one in 2018 and it has helped me scale from 2 to 14. I have now began the process of developing my own to take my brokerage to the next level and get more accurate data
Great video. Helped me a lot as I am currently looking at different mortgage networks at the moment. Thanks again
Glad it was helpful! Which network are you with?
Hi Gary,
Hope you are well.
I’ve just completed CeMap and would like to do a self employed CAS. I see there are various networks that do ‘mentor to CAS’ , which network(s) would you recommend? Does your network do such a program?
Hi Simon, I dont have a network as me and my firm are directly authorised. 2 networks to look at New Leaf and Tenent! good luck
Hi Gary,
Thanks for your reply. The info is appreciated.
Thanks,
Simon
@@GaryDas Tenet is the worst network. I am surprised you mention Tenet
I’m hoping to qualify as CeMap this year. I’m a self-employed accountant and have a plan to tap into my current clients for their mortgage needs. There is a demand there as I have over 200 clients. Although I work every day much of my time after becoming CeMap qualified would still need to go towards the accountancy side so the mortgages element would have to be built up slowly as I won’t be able to dedicate 100% of my time to it. With these circumstances which network would be best for me? Would Primis be the best fit? Thanks.
I think you will find it hard to work as an accountant managing your clients and offering mortgages, but that depends on your organisation and ATD.
Impossible for me to answer which network is best for you, you need to do your own DD and make sure they can help you achieve your goals.
But i dont think a network is the best place for you starting out - you need to work under a firm who can support, guide and train you
Thank you for replying. I was hoping to concentrate initially on the clients I already have and also new mortgage clients in the (very) local vicinity. Using the accountancy work to gain some exposure to the fact that I offer mortgage advice in order to build up a client base for mortgages. My long-term idea is to move away from the accountancy, perhaps sell the practice and go all out into mortgage advice; but yes I do worry how I will manage this. I guess working for a firm and trying to carry on my own business simultaneously is also something that would be extremely difficult.
Hi Gary are there networks which would take on a newly qualified cemap with no experience? (Still thinking about beginning cemap) I am looking to become self employed as I have a lead generation website which was originally bringing leads in for other brokers but I want to work with these leads myself. I am not sure the best way to go about this as I am worried just doing a cemap won't give me the experience I need to work with my leads.
Hey Imran, some companies will, have a look at firms local to you as a first point, also look at estate agency and make sure what ever firm you go with they have solid training to take you to competency and support with researching mortgage deals, thats hte hardest part of the job, lender knowlegde. The rest is process.
@@GaryDas thanks, your channel is the best!
Finally passed my CeMap exams. Yay!
I will be proceeding from scratch as SE. A daunting task I guess!
I’m assuming that my immediate priorities are… register with the FCA and then find a mortgage network? Any other steps I need to take in the immediate aftermath of finishing my final exam?
You do not register with the FCA - the network or the company you work for will do that.
I wouldnt recommend a network - i would recommend a company to work under as an RI who are prepared to coach you
I thought about this and looked into it but I don’t think it will work for my current situation.
@@DylanLloyd-qc3pyim also just about to qualify, would appreciate any advice you have when looking into networks. Would you be open to sharing your experiences
Hi your videos are always helpful and informative. Maybe you can advice me about what I am going to do next. I am joining Just Mortgages as a new Adviser but through a principle. Not gonna lie I don't know how does it work my training is in 3 weeks so I will find out if you can highlight few bits it would be much appreciated.
Thanks in advance
Hey Usman, your best bet is to ask JM as they are now your "employer" so they will have a completely different way of training to others. You should expect to be trained on Fact finding, researching, lender criteria, sourcing and submitting AIPs and Applications, you find it is quite an intense 3 weeks to get you up to speed quickly.
Hi Gary, it was really very useful video. I just passed CeMap 3. Looking forward to work with a network to get CAS status. Also I would like to do this as a self employed. Pls give me some suggestions. I would appreciate it. Thanks
Best of luck! Its going to be tough doing it under a network, instead of directly with a firm. Check our new leaf, Openwork and Just Mortgages, but once you get CAS move from them to www.active-financial.co.uk
@@GaryDas Thanks Gary, I had a discussion with Newleaf. It seems positive..really appreciate for your suggestion.
How is SJP for mortgages. I am jplanning to join a firm with SJP.
SJP are wealth management, so not very good for mortgages. Unless you want to be a wealth manager/IFA. Even still if you want to get better at mortgage join a mortgage firm not a company that predominetely focuses on wealth.
@@GaryDas thank you for your reply and explaining. Appreciate it.
Thanks Gary. Your words are so insightful
You are very welcome. Thank you
Hi Gary,
Which network best suits those pursuing Mortgages along side protection and IFA work?
Probably Quilter they mostly focus on IFA
Hi Gary, great video. I subscribed and will work my way through the rest of your content. I have been out of the industry for 10 years as I have been living abroad. I am back permanently in Feb and want to return to the industry. Ideally, I want to be self employed, but would you advise taking a job first in order to get myself up to date/speed? Thanks again.
It depends, if you have experience the industry hasnt changed much. I built an isnurance brokerage from 2009 to 2015 and got back to mortgages 2016. Not much had changed. So i would say find a firm to be SE under and get up to date then decide how you want to proceed from there
Thank you and it’s absolutely nice.
I'm glad you like it
Great quality information. As always
Much appreciated! Glad you enjoyed it
I’m thinking of going to Just Mortgages but would love to go DA🙈
You shouldnt go DA until you have enough experience in the job as an adviser, a clear understanding of compliance and have been an AR for 1-2 years.
Great video 👊🏼
Much appreciated!
AGAIN ANOTHER GREAT VIDEO
Thanks again!
So what was the answer? Who are the best network?
I have done another video on networks please check it out.
very useful how to contact you
www.financial-pro.com
Hi Gary, wonderful Video but please dont frown when you are speaking!!!!!
Noted! I cannot help it, didnt do it on purpose