£25,861
Avg. Salary

Average additional compensation for this job:

Bonus

£3,117

Profit Sharing

£0.00

Commission

£5,750

The average salary for a Mortgage Advisor is £26,651 per year. Most people move on to other jobs if they have more than 20 years' experience in this career. For the first five to ten years in this position, salary increases modestly, but any additional experience does not have a big effect on pay.

£18,677 - £32,248
£19K
£26K
£32K
MEDIAN: £25,861
10%
50%
90%
£0£35K
Salary £18,677 - £32,248
Bonus £909 - £7,064
Profit Sharing £0.00 - £2,061
Commission £0.00 - £10,365
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
£19,775 - £35,198
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 11 Aug 2018
  • Individuals Reporting: 412

Job Description for Mortgage Advisor

The main responsibility of a mortgage advisor is to provide advice to clients, both old and new, about everything pertaining to mortgage loans, from applying for new mortgages to refinancing current ones and ensuring that the most beneficial options are offered. On a regular basis, the tasks of mortgage advisors generally focus on providing mortgage advice to clients, selling complex mortgage products, making strong connections with clients to build their loyalty, and keeping them up-to-date with all the latest housing and marketing trends.

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Mortgage Advisor Tasks

  • Identify financial needs, make proposals, and close business of borrowers.
  • Assign approved applications to a processor for the closing process.
  • Assist potential borrowers in loan application process and complete documentation for loan products.
  • Develop referral base of other banks, agents, attorneys, CPAS, appraisers, realtors, and builders.
  • Ensure a continual volume of loan clients, applications, and closings for purchase or refinance.

Mortgage Advisor Job Listings

Pay by Experience Level for Mortgage Advisor

Pay by Experience for a Mortgage Advisor has a positive trend. An entry-level Mortgage Advisor with less than 5 years of experience can expect to earn an average total compensation of ₤28,000 based on 149 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Mortgage Advisor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of ₤31,000 based on 45 salaries. An experienced Mortgage Advisor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of ₤30,000 based on 48 salaries. A Mortgage Advisor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of ₤30,000 based on 7 salaries.

Pay Difference by Location

National Average: £27,796

Larger city markers indicate a job is popular in that location.

Mortgage Advisor Reviews

Q: What is it like working as a Mortgage Advisor?

Mortgage Advisor in London:
"Life changing."
Pros: Making a difference to people.
Cons: Not much recognition.

Related Job Salaries

Key Stats for Mortgage Advisor

Gender

Female
43 %
Male
57 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.
Less than 1 year
8%
1-4 years
59%
5-9 years
12%
10-19 years
18%
20 years or more
4%

Experience Affects Mortgage Advisor Salaries

▲10%

▲9%

Late-Career
▲8%

▼0%

National Average
₤28,000

Skills That Affect Mortgage Advisor Salaries

▲8%


cemap
▲5%

Regulatory Compliance
▲1%

National Average
₤28,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
8%
1-4 years
59%
5-9 years
12%
10-19 years
18%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 41%
dental benefits
Dental: 12%
vision benefits
Vision: 13%
no benefits
None: 51%