The average salary for a Mortgage Advisor in United Kingdom is £26,642.
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What Do Mortgage Advisors Do?
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 wit…Read more
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.
Popular Employer Salaries for Mortgage Advisor
The top respondents for the job title Mortgage Advisor are from the companies HSBC, Lloyds and NatWest Bank. Reported salaries are highest at NatWest Bank where the average pay is £32,099. Other companies that offer high salaries for this role include Royal Bank of Scotland and Lloyds, earning around £30,590 and £29,829, respectively. Santander pays the lowest at around £24,557. Barclays Bank PLC and HSBC also pay on the lower end of the scale, paying £25,763 and £28,260, respectively.
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Somewhat common (8 - 20%)
Mortgage Advisor Job Listings
What Are Popular Skills for Mortgage Advisors?
Skills in Mortgage Loans, Sales, Customer Service, Insurance and Customer Relationship Management (CRM) are correlated to pay that is above average.
What is the Pay by Experience Level for Mortgage Advisors?
An entry-level Mortgage Advisor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £23,934 based on 43 salaries. An early career Mortgage Advisor with 1-4 years of experience earns an average total compensation of £26,535 based on 182 salaries. A mid-career Mortgage Advisor with 5-9 years of experience earns an average total compensation of £29,106 based on 38 salaries. An experienced Mortgage Advisor with 10-19 years of experience earns an average total compensation of £29,763 based on 43 salaries. In their late career (20 years and higher), employees earn an average total compensation of £30,791.
Pay Difference by Location
Employees with Mortgage Advisor in their job title in Birmingham, England: Birmingham earn an average of 13.5% more than the national average. These job titles also find higher than average salaries in Belfast, Northern Ireland: Belfast (12.0% more) and London, England: London (10.0% more). The lowest salaries can be found in Manchester, England: Manchester (4.4% less), Leeds, England: Leeds (3.6% less) and Sheffield, England: South Yorkshire (0.4% less).
Years of Experience
This data is based on 324 survey responses.