How to transition from banking to mortgage broking
Thinking about life beyond the bank?
If you’ve spent a good chunk of your career in a banking role, chances are, you’ve thought about self-employment options.
Mortgage broking offers the opportunity to use your skills in a more flexible, client-focused, and often more financially rewarding way.
But what does it take to make the leap?
At Purple Circle Financial Services, we’ve supported many successful career transitions through our Purple Pathway Academy. Here’s a detailed guide to help you understand what’s involved, what to expect, and how we support you every step of the way.
Why mortgage broking is a natural next step for bankers.
Your background in banking gives you a significant head start.
You already know how to work with customers, assess financial positions, and navigate credit policies. You’re likely comfortable with compliance frameworks and have a solid understanding of financial products.
In mortgage broking, you take that same core knowledge — but apply it with far greater flexibility and ownership. Instead of being limited to one lender’s policies, you can help clients choose from dozens. Instead of working towards KPIs that benefit the bank, you’re building a business that benefits you.
From employee to entrepreneur.
Transitioning from banking to broking is more than just changing jobs — it’s about changing mindset.
Banking | Mortgage Broking |
Employed by an institution | Self-employed or business owner |
Sell the bank’s products | Offer a wide range of lenders |
Income is salary-based | Income is commission-based |
Limited control over processes | Full control of client experience |
Rigid day-to-day | Full flexibility & independence |
This shift can feel daunting at first — but it’s also empowering. It allows you to take ownership of your career, your income, and your client relationships.
Common concerns — and how we help.
1. “I’ve never run a business before.”
That’s where our Purple Pathway Academy comes in. We offer coaching, qualifications, and real-world tools to help you build and grow a successful broking business.
2. “Will I have enough support?”
Yes. You won’t be on your own. We surround you with mentors, educators, and experienced brokers to ensure you’re supported from day one.
3. “What about compliance and systems?”
We make it easy. We provide the technology, systems, and training to help you meet your obligations without getting bogged down in paperwork.
4. “Will I earn enough?”
Mortgage broking is a performance-based profession, but the earning potential is significantly higher than traditional banking — and it grows as your client base grows.
The Purple Pathway Academy
Your launchpad.
Our Purple Pathway Academy is a tailored, proven program built specifically for new-to-industry brokers. It gives you everything you need to make the leap with confidence.
Foundational training
Learn the fundamentals of lending, compliance, and loan structuring with support from industry experts.
Business mentoring
Understand how to build your client base, set goals, market yourself, and run your business day-to-day.
Systems and tech
We’ll get you set up with the tools and platforms you need to write loans efficiently and manage clients professionally.
Ongoing support
You’ll have access to experienced mentors, your own broker support team, and the wider Purple Circle community.
Accreditation and CPD
We help you meet industry requirements, stay compliant, and continue growing as a broker.
Take your next step with Purple Circle.
Some of our most successful brokers started out in banking. They wanted more independence, more flexibility, and more control — and they found it here.
We don’t just help you become a broker — we help you become a successful one. With the right support, the right program, and the right mindset, your banking experience can be the foundation of an exciting new chapter.
Contact us to learn more.