All Blogs

It’s a prime time for contractors to remortgage off their SVR

Posted by John Yerou on June 24th, 2016 in Mortgage Blog

There is a mobile optimized version of this page, view AMP Version.

We know that homeowners remortgage for many reasons. They may want to:

  • save money switching to a new introductory offer;
  • release equity for home improvements, travel or major life event;
  • reduce the term of their mortgage with a new deal.

Continue reading about  It’s a prime time for contractors to remortgage off their SVR

Chancellor revokes contractors’ rights to decide payroll status

Posted by John Yerou on April 7th, 2016 in Contracting Matters Blog

There is a mobile optimized version of this page, view AMP Version.

Lenders Branch ManagerIn the run up to the budget, the tabloids portended doom for contractors working through a PSC. For those working off-payroll in the public sector, those harbinger headlines became reality.

The Chancellor announced that PSCs will have no say in how public sector clients pay them. As of April 2017, it will be the client who decides if IR35 applies to an engagement.

Continue reading about  Chancellor revokes contractors’ rights to decide payroll status

Budget launches yet another attack on contractors working through personal service companies

Posted by John Yerou on March 18th, 2016 in Contracting Matters Blog

There is a mobile optimized version of this page, view AMP Version.

ChancellorSo, the Chancellor used yesterday’s budget to continue his vendetta against contractors. In particular, he’s targeting contractors operating through personal service companies.

The reason for this fresh assault on independent UK professionals? To curb tax avoidance.

Not that most contractors create a limited company to save on tax. But if they had their way, that’s what the government and media would have you believe.

Continue reading about  Budget launches yet another attack on contractors working through personal service companies

Renaissance amongst lenders, but is it too little too late?

Posted by John Yerou on November 23rd, 2015 in Blog, Mortgage Blog

There is a mobile optimized version of this page, view AMP Version.

Mortgage LendersReading the news last week was heartening for contractors in one respect. There are more new mortgage lenders prepared to work off day rates than ever before.

The bad news? National headlines in the Guardian and Mail Online made dire reading. They reported that Chancellor Osborne is gunning for contractors yet again.

Continue reading about  Renaissance amongst lenders, but is it too little too late?

What are contractor mortgages?

Posted by John Yerou on October 7th, 2015 in Featured Articles, Mortgage Blog

There is a mobile optimized version of this page, view AMP Version.

Contractor Mortgage Keyboard ButtonTo understand contractor mortgages, you first have to understand contracting. That may sound obvious. But it would surprise you how few High Street lenders are yet to grasp this popular way of working. Or at least it seems that they don’t ‘get it’ at branch level.

The fact is, there are lenders who accommodate limited company contractors. But if a bank has such policies in place, they tend not to make them available on the High Street. The reasons? Security and compliance.

Continue reading about  What are contractor mortgages?

Halifax slashes mortgage rates for first time buyer contractors

Posted by John Yerou on September 18th, 2015 in Mortgage Blog

There is a mobile optimized version of this page, view AMP Version.

HalifaxFor a limited time, first-time homebuyers with at least a 10% deposit can fix 2.94% for two years. This is nothing short of an absolute bargain.

The new 2-yr fixed interest rate represents a cut of 0.45% off its previous 3.39% deal. In mortgage terms, that’s a substantial reduction or should I say ‘saving’, for borrowers.

Continue reading about  Halifax slashes mortgage rates for first time buyer contractors

Which is best for contractors, umbrella or limited company?

Posted by John Yerou on April 14th, 2015 in Contracting Matters Blog

There is a mobile optimized version of this page, view AMP Version.

Arm wrestleShould contractors work through an Umbrella or through their own Limited Company? True, there are specific times when you’d consider an Umbrella more beneficial. But when it comes to applying for a mortgage, Limited is always better.

Continue reading about  Which is best for contractors, umbrella or limited company?

Why contractors choose Limited Company payment structures

Posted by John Yerou on April 13th, 2015 in Contracting Matters Blog

There is a mobile optimized version of this page, view AMP Version.

LimitedCasting off from the shores of permanent employed is a big decision. The stormy, but often lucrative, waters of contracting or freelancing await the intrepid adventurer. But before launching yourself into the deep, stop. Just for a moment, at least, to consider your options.

In particular, you need to think about your new business. What’s the best way to minimise your long term tax liabilities? How, at the same time, can you maximise your income? And how can you juggle the two to make it easy for your customers to deal with you.

Continue reading about  Why contractors choose Limited Company payment structures

Umbrella Companies – A Guide for Contractors

Posted by John Yerou on April 9th, 2015 in Contracting Matters Blog

There is a mobile optimized version of this page, view AMP Version.

Pink and white umbrella by beachSo. You’ve secured your first contract. You’re with your recruitment agent, who says “Great. Now you need to find an umbrella company“.

Or you may not be quite at that stage. Instead, you’re mulling over leaving your permanent role to take up a contract offer. You’re not quite sure what that will entail. Now you’re researching ways to operate, umbrella companies being one such way.

To help you make the right decision, you need to know why umbrella companies were born. Moreover, what their role is today amongst the options open to you. Let’s go.

Continue reading about  Umbrella Companies – A Guide for Contractors

First Time Buyers Account for 3 in 10 Home Sales (Feb 2015)

Posted by John Yerou on April 1st, 2015 in Mortgage Blog

There is a mobile optimized version of this page, view AMP Version.

Mortgage DepositWhy is it that so many contractors think first buyer mortgages are off limits to them? They’re not, of course. But do please forgive me for committing this old bugbear of mine to digital ink.

So, what ignited the conundrum this time? I saw the February 2015 Housing Report figures from NAEA and it was like, Ping! – a light bulb moment.

Continue reading about  First Time Buyers Account for 3 in 10 Home Sales (Feb 2015)

check-out
Close

Get a Free Quote: Request a Callback

Get a Free Quote: Contractor Mortgages

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

Get a Free Quote: Contractor Life Cover

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

If joint cover is required, please enter partner's details below

Get a Free Quote: Income Protection

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

Get a Free Quote: Critical Illness Cover

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

Get a Free Quote: Contractor Pensions

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

Get a Free Quote: Private Medical Insurance

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

Get a Free Quote: Free Financial Review

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

 ISA Investment Bond Investment Account Whole of Life Insurance

Get a Free Quote

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

 Residential Mortgage Buy to Let Life Insurance Income Protection Critical Illness Pensions

Get a Free Quote

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

 Residential Mortgage Buy to Let Life Insurance Income Protection Critical Illness

Get a Free Quote: Property Insurance

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

Get a Free Quote: First Time Buyers

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

Get a Free Quote: Moving Home

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

Get a Free Quote: Remortgage

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

 Yes No

Get a Free Quote: Buy to Let

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

Get a Free Quote: Help to Buy

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

Get a Free Quote: Contractor Mortgages for Immigrants

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

Get a Free Quote: Protection Insurance for Contractors

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

 Income Protection Cover Contractor Life Cover Critical Illness Cover

Get a Free Quote Other Services for Contractors

To get an immediate quote or speak to an adviser, please call us on 020 8421 7999

 Contractor Pensions ISA’s & Investments Property Insurance

Thanks for your enquiry,
we’ll be in touch soon!

020 8421 7999
Request a Call Back

Incorporated in England & Wales. Company Registration Number: 5013239 | Data Protection Act Registration: Z9469673

Consumer Credit License (CCL): 562464 | Registered Office: Avondale House, 262 Uxbridge Road, Hatch End, Pinner, Middlesex, HA5 4HS