Legislation set to increase mortgage adviser salaries
The growth in salaries is expected to follow recent legislation within the mortgage industry on qualifications plus the Financial Services Authority (FSA) taking over mortgage regulation. As a result of these changes, 46% of firms interviewed by Reed have already reviewed remuneration packages. The expected increase has been verified by an analysis of CeMAP / MAQ salaries within Reeds own database of vacancies.
This research has shown the largest increases outside of London are likely to occur in Birmingham, Manchester and Leeds. Leeds does however, start at the lowest salary. Outside of England, the greatest growth is predicted in East and West Scotland.