Bringing in new blood is ploy to pay a pittance


I was interested to read last week’s cover feature entitled ’Targeting talent’ on attracting new brokers into the mortgage industry.

Am I the only one who finds it disgraceful that we have lost around 26,000 mortgage brokers over the past few years and we are now saying we need more talent and fresh blood?

As a 30-something former mortgage adviser with an impeccable credit history and compliance record and numerous satisfied customers, I can’t get another job as an adviser.

What do you think has happened to those 26,000 advisers who are no longer in the industry?

Some of the article seemed to suggest that those brokers who left the industry are seen as a load of bad apples who needed rejecting anyway, which I simply do not believe.

My CeMAP qualification is a worthless piece of paper at the moment the jobs aren’t there anymore.

I suspect the plan here is to train younger people to work for little money in jobs that once paid a decent living wage that you could support a family on.
The 26,000 brokers who are apparently washed up and of no use to anyone now can all go and become taxi drivers, can they?

A recent newspaper headline said that two-thirds of 25 to 40 year olds have given up the thought of buying a house.

So just at the point when most buyers are going to end up being 40-plus you start taking on your fresh blood. This so-called industry is running around like a headless chicken.

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