Mortgage Brokers: making the shift to self-employed

Download our guide to discover the benefits of making the shift to becoming a self-employed Mortgage Broker. We delve into your options based on your experience, what makes a successful self-employed Mortgage Broker, what the typical Mortgage Broker's salary and earning potential look like and how to find your role in the world of self-employment. Find out why you should consider shifting to a self-employed Mortgage Broker career.

“When people have a bit of self-doubt or are struggling with adjusting to the mindset of going self-employed, it's our job to help them….”

Despite the challenges brought on by the pandemic, the UK Mortgage Broker market has risen 4.2% year on year since 2017. This growth has resulted in the market reaching a near £1.9bn in 2022, according to research by IBISWorld. As the industry continues to thrive, many within the employed Mortgage Broker space are considering switching to self-employed.

With many still only 'considering' transitioning into self-employed, we have created this guide to provide an overview of what a career as a self-employed Mortgage Broker involves.

What’s included in the self-employed Mortgage Broker guide?

• Benefits of going self-employed
• Who employs the self-employed?
• Why self-employed Mortgage Brokers are in demand
• What are your options based on your experience?
• What makes a successful self-employed Mortgage Broker?
• Finding clients as a self-employed Mortgage Broker
• Salary vs Earnings
• The mindset of a self-employed Mortgage Broker
• Finding a Self-Employed Mortgage Broker Role

Benefits of going self-employed

Explore the key self-employed Mortgage Broker benefits from being your own boss and building a network of clients to making an uncapped earning potential.

Who employs the self-employed?

Networks are umbrella companies that approve Mortgage Brokers under their network as Approved representatives. We explain the support these networks offer to self-employed Mortgage Brokers and what to look out for when choosing a network to align with. This section also includes the Top 10 Mortgage Broker networks in operation today.

What are your options based on your experience?

Before you transition from an employed Mortgage Advisor self-employed Mortgage Broker career, it's essential to know your options based on your experience. From newly qualified Mortgage Brokers, those with 2-5 years of experience, to Brokers with 5+ years of experience, we break down your options and give you realistic expectations based on your experience level. Additionally, we advise you on the important questions to ask yourself before considering moving into a self-employed Mortgage Broker career.

What makes a successful self-employed Mortgage Broker?

When considering shifting to becoming a self-employed Mortgage Broker, there are several points to take on board if you want to have a successful career. In this section, we outline the core skills needed to be a successful Mortgage Broker, from being commercially minded to remaining compliant with industry regulations to some of the other important traits such as becoming a specialist in a specific industry area to building a trusted reputation.  

“.... they always say the same thing, ‘I wish I went self-employed sooner’. Literally, everyone says it.”
- Jonathan O'Dea, Managing Director, Integro Partners

Finding clients as a self-employed Mortgage Broker

Hundreds of fantastic employed advisors are great at converting the leads provided to them. Still, they would need more experience generating leads for themself to shift to self-employment. This section of the guide emphasises the importance of self-generating leads and provides ways to find clients as self-employed Mortage Brokers.

Salary vs Earnings

Discover more about the earning potential you could receive by becoming a self-employed Mortgage Broker. We’ve outlined the typical commission splits of a self-employed Broker and have created a Mortgage Broker salary vs earning potential matrix to compare the earning potential between employed and self-employed Mortgage Brokers. 

“We've seen self-employed Brokers make up to 85% of the revenue they generate….”
- Sophie Booth, Head of Financial Services, Integro Partners

The mindset of a self-employed Mortgage Broker

Starting a self-employed Mortgage Broker career is challenging, but the potential rewards make the transition from employed to self-employed worth pursuing. In this section, we delve into how to build the mindset of a self-employed Mortgage Broker. From finding the right people to work with, the importance of networking and asking yourself three crucial questions to ensure you instil a mindset that brings you success in the world of self-employment - Why? What? and How? 

Finding a Self-Employed Mortgage Broker Role

Finally, we will advise you on how to kickstart your self-employed Mortgage Broker career by highlighting the importance of finding the right recruitment partner to help you realise your goals and objectives. 

Download our self-employed Mortgage Broker guide

If you are considering shifting to becoming a self-employed Mortgage Broker or are open to new opportunities to better your Mortgage Broker career, download our Mortgage Brokers: making the shift to self-employed guide today. Discover how a career as a self-employed Mortgage Broker could be one of the best decisions you make in your life. Fill out the form above to access your copy today. 

It all starts with a conversation…

At Integro, we know the good, the bad and the ugly, and we want candidates to get the best for them. Speak to our team today to see how we can help you get the best out of your career.