The government are proposing a new three-year tenancy for renters to provide them more stability and security in their homes. The current minimum term is 6-12 months, which 81% of renters are currently signed up to and typically, tenants stay in their homes for nearly four years.
As we enter the month of July, there’s a feeling in the air that summer is in full swing. After a long winter, a hit and miss spring interspersed with a few intensely hot May weekends and crazy thunderstorms the wait for the long summer ahead has been an incredibly long one.
As a contractor, summer holds vast opportunity. How can you best use your time during the summer months this year?
Reduce your hours
Lending criteria in the UK has not kept pace with the changes in working styles, since 2008 the number of contractors in the UK has grown to roughly 1.9million, up by more than a third since 2008 (as of 2016). And while this is the number of contractors, the number of households where part of the overall income is from someone who is a contractor is obviously much higher. From our experience with our clients, we’ve found that most lenders make it much more
It’s important to know what mortgage term is best for you, as it will most likely be one of the biggest financial commitments you will make. Buying a home is an agreement that should only be taken after careful consideration and thought to ensure you are applying for the best mortgage for you.
Most people who leave the world of permanent work to become contractors never look back - but what do you have to do to enjoy a long successful contracting career? Here are ten useful tips from the ITContracting team.
Rainy day fund
If you could have any job, what would it be? And no, you can’t say “Ben & Jerry’s Flavour Guru”… well actually you can, that is a real job title. Seriously.
So far, 2018 has been a big year for the controversial tax law known as ‘IR35’.
Credit scores… we hear a lot about them especially when you’re buying a home but what are they really?
If you’re a contractor or freelancer, or you’re self-employed, and you’re looking to generate an additional, regular income, have you considered investing in a buy to let property?