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Brokers - how are your stress levels?

Journalist: John Fitzsimons, Freelance

ended 13. June 2023

Morning brokers

The last few weeks have been pretty chaotic, with lenders of all kinds pulling mortgage deals with little to no notice. We'd like to get your thoughts on what the situation has meant for your workload and mental health.

  • What sort of hours have you been working over the last few weeks? How does that compare with the usual workload?
  • How has the situation impacted your stress levels and mental health? What are you doing to reduce stress and draw a line after work once you are off duty?
  • Do these situations have an impact on the attractiveness of advice as a career path for young would-be brokers?

 

1 responses from the Newspage community

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Editor
Justin Moy
Managing Director at EHF Mortgages
For a number of months, the hours have been long - starting before 8am and not finishing much before 8pm, especially if there have been some changes in rates during the day, every day, with extra on Saturday when needed, and still answering emails throughout the weekend. There is ongoing worry about how our business will cope financially, as overall volumes are down, the Product Transfers are not as lucrative, and just having a quiet day in the office gives you significant anxiety. I have had to lose support staff to balance our finances too. I have seen many new advisers enter the market and have had to leave because of the current market conditions and lack of opportunity. Those with a client bank, a number of years in their role, and have seen similar conditions a few times before, will survive, just.