Advisers would recommend their careers to young people

Ryan Bembridge

November 24, 2017

Four in five (80%) mortgage advisers would recommend young people follow in their footsteps, a survey conducted by education body the London Institute of Banking and Finance (LIBF) has found.

The majority (86%) find helping consumers achieve their life goals the most enjoyable and rewarding part of their job.

Brian Wilkinson, (pictured) managing director, corporate & professional qualifications at LIBF, said: “With the challenges and uncertainties facing the mortgage market, professional training and qualifications have a critical role to play in helping advisers navigate the challenges, ensure compliance and get the best outcomes for their customers.

2018 house price growth predicted at 1%

“That’s what advisers say is one of the most enjoyable aspects of the role.”

Advisers see the biggest opportunities going forward in rate changes, equity release, lifetime mortgages and affordable housing.

Around 100,000 advisers have now qualified with CeMAP, the LIBF qualification for mortgage intermediaries.

Concerns

Most advisers aren’t keen on the increased regulatory burden affecting the market, even though many (85%) admit it has broadly increased consumer protection and improved advice.

There are also concerns over restricted availability of high loan-to-value mortgages, complex affordability criteria and buy-to-let stress tests.

As many as 85% want there to be a simplification of the selling/buying process.

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