Going It Alone as a Mortgage Broker – Key Pros & Cons. Becoming a directly authorised mortgage broker, also known as “going it alone”, can be an exciting step for experienced advisers seeking full control. But this route also comes with its fair share of challenges, from regulatory responsibilities to business overheads. If you’re weighing up whether to pursue direct authorisation or join a mortgage network, it’s essential to understand what each path involves.
What Does “Going It Alone” Mean?
Going it alone means operating as a directly authorised mortgage broker, regulated by the Financial Conduct Authority (FCA) in your own right. Unlike advisers who join a network, you’ll handle all aspects of compliance, training, systems, and supervision yourself or hire someone to do it.
This option gives you complete control over your business decisions but also means you’re responsible for managing regulatory requirements, staying up to date with FCA updates, and maintaining robust processes independently.
Direct Authorisation vs Mortgage Networks
Here’s a quick comparison of what to expect when operating independently versus joining a network:
| Feature | Going It Alone | Joining a Network |
|---|---|---|
| FCA Authorisation | Direct authorisation required | Operate as an Appointed Representative under the network’s FCA permissions |
| Compliance | Self-managed or outsourced | Provided by the network (including AI-driven checks and file reviews) |
| Technology | Sourced independently | CRM, case tracking, and compliance tech included |
| Training & CPD | Self-funded and organised | Structured CPD, CPD logs, and qualifications tracking provided |
| Costs | Upfront & ongoing FCA fees | Network fees (can be fixed or % of earnings) |
| Lender Access | Can vary | Often broader and includes exclusive & specialist panels |
Explore the benefits of being part of a structured support system on our page: Why Join a Mortgage Network
Pros of Going It Alone
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Complete Autonomy – You set your own processes, choose your own CRM, and market how you want.
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Keep 100% of Your Earnings – No commission splits or network fees.
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Custom Business Branding – Build your brand without network-imposed identity restrictions.
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Flexible Growth Plans – Scale your team or remain a solo adviser at your own pace.
Risks and Challenges to Consider
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Heavy Compliance Burden: Direct authorisation means staying fully on top of FCA guidelines, including the 2024–2025 Consumer Duty expectations. Without network support, compliance slip-ups carry greater risk.
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No AI-Driven Safeguards: Unlike networks with automated compliance monitoring, direct brokers must manually check all files or invest in costly third-party solutions.
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Limited Lender Access: Some lenders only work with networks or offer better deals to them.
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Time-Consuming Admin: Managing CPD logs, file audits, marketing, and lead generation can quickly become overwhelming, especially without support tools.
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Loneliness & Isolation: Running solo means no peer group, community, or shared training events.
When Going It Alone Might Make Sense
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You’re already highly experienced and confident with FCA regulations.
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You have admin or compliance staff (or a partner firm) to manage regulatory demands.
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You specialise in niche areas where you prefer a fully bespoke process.
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You plan to remain a solo broker with a specific, manageable client base.
Still unsure if independence is right for you? Compare this with the benefits of working under a Mortgage Network for Advisers and make an informed decision.
What About New Advisers?
If you’re a newly qualified mortgage adviser, direct authorisation is usually not recommended. The learning curve is steep, and the compliance risk is high. Instead, consider joining a support-focused group like the Adviser Mortgage Network for the Newly Qualified, where you’ll get mentorship, case-checking help, and CPD training from day one.
Control vs Support
Going it alone as a mortgage broker offers maximum control, but it also requires maximum accountability. For many advisers, especially those aiming to grow quickly or reduce risk, joining a network offers a safer, smarter route. From AI-enhanced compliance to access to exclusive lenders, a good network can simplify your life and help you scale.
Ready to Go It Alone as a Mortgage Broker?
Whether you’re pursuing direct authorisation or exploring options within a Connect mortgage network, a clear, actionable business plan is essential. It not only strengthens your FCA application but also provides a roadmap for building a sustainable, self-employed future in the mortgage industry.
Just like every successful appointed representative (AR) who’s joined us, your journey begins with a clear vision and a strong reason to partner with a network that supports your growth.
If you’re considering the leap into self-employment, the first step is simple. By filling out our quick enquiry form, you’ll start a conversation with our team. We’ll take the time to understand your goals, answer your questions, and guide you toward the best-fit opportunity, whether you’re looking to go it alone as a mortgage broker or build under a trusted support system.
There’s no obligation, just a chance to discover if Connect is the right home for your career. Take control of your future today and explore how our network can help you thrive.
👉 Why Join Connect Mortgage Network
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