Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Industry Urged to Offer More Entry-Level Roles for Young Talent

A recent report by Mortgage Solutions highlights ongoing challenges for young people seeking to enter the mortgage and property sector. The article discusses the prevalence of job adverts requiring previous experience, which can be a barrier for those new to the industry.

The report notes that while the industry often celebrates rising talent at events and on social media, many firms still expect candidates to have experience, qualifications, or an existing client base. This is seen as understandable in a regulated sector, but it raises the question of how young people can gain their first experience if few entry-level opportunities exist.

Government research cited in the article found that 84% of young people not in education, employment, or training (NEETs) want to move into work, education, or training. However, only 13% felt the education system prepared them for employment. The research also identified a cycle where employers require experience, but young people cannot gain experience without being given a chance.

The government’s new Jobs Guarantee scheme aims to create over 90,000 fully funded jobs by 2029 for 18-24-year-olds who have spent 18 months on Universal Credit and looking for work. The article notes concerns about the length of time young people must wait before accessing such opportunities.

The report also highlights the launch of the Working in Mortgages Rising Talent Community, created by the Association of Mortgage Intermediaries (AMI) and the Intermediary Mortgage Lenders Association (IMLA). This initiative aims to provide newer professionals with access to mentors, industry connections, and increased visibility.

The article concludes that while networking and mentoring are valuable, young people ultimately need real job opportunities, including a desk, salary, and structured support. It argues that investing in young talent can benefit firms by bringing in new perspectives and helping to shape future industry standards.