A Day in the Life Of a New Business Manager

11/01/2018

Joe Askew, New Business Manager at The Second Mortgage Company, has many years experience of helping people secure funds in the second charge loan market. We asked him to share what life as a master broker involves and for an insight into what actually happens when making a secured loan application...

What does a typical day in the life of a master broker at The Second Mortgage Company look like? 

Well I guess the first thing to say is that I don’t have a ‘typical’ day! What makes my job interesting is that every day is different. They all begin the same – a dose of caffeine on arrival at the office followed by a check of any updates in criteria from our panel of lenders. Keeping track of these changes is important and ensures we’re continuing to offer the most suitable solutions to our clients.

Then the majority of my day is made up of appointments with new clients to talk through their requirements and explain the options available to them. Once this fact finding exercise has been completed we’re able to approach our panel of lenders to secure the best solution possible.

What are you favourite things about being a master broker?

Every day I get to speak with and meet such a wide variety of people. The role keeps me on my toes as every person and their situation is unique and I thrive on the challenge of finding the right solution for each of them. I really do love that my job is so varied. 

What questions should people ask when applying for a second charge mortgage? 

Anything they want! Raising finance secured on your property is of course a big decision so the more information and understanding you have the better. There is no such thing as a silly question.

My advice when discussing your application is that it is important to be as honest as possible. If we have a clear understanding of the requirements then it will aid our ability to find the product that matches your needs.

As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. Think carefully before securing other debts against your home.

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