Understanding Mortgage Advisor Salary in the UK

If you're a mortgage advisor or considering the profession, knowing how your hourly rate translates into annual and monthly pay is essential. The Office for National Statistics (ONS) Annual Survey of Hours and Earnings (ASHE) provides the most authoritative data on earnings for this role. However, the ONS does not have a separate category for 'mortgage advisor'; instead, it groups them under 'Finance and investment analysts and advisers'. This means the figures you see are a blend of related roles, but they remain the best benchmark available.

Key Salary Figures from ONS ASHE 2025

According to the provisional 2025 ASHE data, the median gross annual salary for all employees in this occupation group is £47,776. For full-time employees (working more than 30 paid hours per week), the median rises to £50,330. Part-time employees earn a median of £22,808. In terms of hourly pay, the median rate (excluding overtime) for all employees is £26.46, and for full-time employees it is £27.13.

These figures are based on a 1% sample of PAYE jobs and are subject to revision. They include pay affected by absence, so annual figures are not directly comparable to weekly or hourly estimates.

Converting Hourly Rate to Annual Salary

To convert an hourly rate to an annual salary, use the standard formula:

Annual salary ≈ hourly rate × contracted hours per week × 52 weeks

For a typical full-time mortgage advisor working 37.5 hours per week, the calculation would be:

• At the median hourly rate of £26.46: £26.46 × 37.5 × 52 = £51,597 (rounded)
• At the full-time median hourly rate of £27.13: £27.13 × 37.5 × 52 = £52,904

Note that this is a rough conversion. Actual annual pay may differ due to unpaid overtime, bonuses, commission, or salary sacrifice. Use our Hourly to Salary tool for precise calculations based on your own hours.

Monthly Take-Home Pay Estimate

On the median annual salary of £47,776, a single person in England, Wales, or Northern Ireland (2026/27 tax year, no pension or student loan) would take home approximately £3,160 per month after Income Tax and National Insurance. This is based on the standard Personal Allowance of £12,570. Your actual take-home pay will depend on your specific tax code, pension contributions, and other deductions.

National Living Wage and Minimum Wage Context

The National Living Wage (NLW) for employees aged 21 and over was £12.21 per hour from April 2025. Mortgage advisors typically earn well above this floor, but the NLW increase of 6.7% in 2025 may influence starting salaries for trainees or junior roles. The National Minimum Wage for 18–20 year olds is £10.00, and for 16–17 year olds it is £7.55. Apprentices have their own rate of £7.55.

Regional Variations and London Weighting

ASHE data shows that earnings vary by region. While the national median for full-time mortgage advisors is £50,330, those working in London typically earn more due to higher living costs. London weighting can add 10–20% to base pay. Unfortunately, ASHE does not publish regional breakdowns for this specific occupation group, but you can explore general regional pay differences in our salary articles.

Overtime and Commission

Mortgage advisors often earn commission or bonuses on top of their base salary. ASHE figures include other pay (such as commission) in the weekly and annual estimates, but hourly rates exclude overtime. If you regularly work overtime or earn significant commission, your actual annual earnings could be higher than the median. Always check your employment contract for details.

Caveats and Limitations

• The ONS occupation group is broad; your role may differ slightly.
• ASHE data is provisional for 2025 and may be revised.
• No experience data is recorded, so starting salaries are not available from this source.
• The lowest-paid 10% of employees in this group earn under £25,398, and the lowest quarter earn under £33,356 – a range likely for new entrants.

For more detailed UK salary benchmarks, visit our salary data page.

Frequently Asked Questions

How do I convert an hourly mortgage advisor rate to an annual salary?

To convert an hourly rate to an annual salary, multiply the hourly rate by the number of contracted hours per week and then by 52 weeks. For a standard full-time role of 37.5 hours per week, the formula is: hourly rate × 37.5 × 52 = annual salary. For example, at the median hourly rate of £26.46, the annual equivalent would be approximately £51,597. However, actual pay may vary due to overtime, bonuses, or unpaid leave. Use our hourly calculator for precise conversions.

What is the average mortgage advisor salary in the UK?

The ONS Annual Survey of Hours and Earnings reports a median annual salary of £47,776 for all employees in the 'Finance and investment analysts and advisers' group, which includes mortgage advisors. For full-time employees specifically, the median is £50,330. Part-time employees earn a median of £22,808. These figures are provisional for 2025 and are based on a sample of PAYE jobs. See more salary data on our site.

How does the National Living Wage affect mortgage advisor pay?

The National Living Wage (NLW) sets a minimum hourly rate for employees aged 21 and over. From April 2025, the NLW is £12.21 per hour. Mortgage advisors typically earn well above this floor, with median hourly pay at £26.46. However, the NLW increase of 6.7% in 2025 may influence pay scales for entry-level or trainee roles. Employers must ensure all eligible staff receive at least the NLW. For more on UK wage benchmarks, visit our topics page.