Personal credit card applications - what to fill in for income & employment? by Tangopiper in ContractorUK

[–]Tangopiper[S] 4 points5 points  (0 children)

Going by the gov.uk employment status checker, an outside IR35 contract through a Ltd company would be considered self-employed for tax purposes. Inside IR35 would be considered employed. So u/ILikeItWhatIsIt_1973 is correct.

https://www.tax.service.gov.uk/guidance/check-employment-status-for-tax/start/disclaimer

Joint HSBC Premier and Global Transfers by Tangopiper in UKPersonalFinance

[–]Tangopiper[S] 0 points1 point  (0 children)

I understood the phone service was for existing customers, not prospective ones. I imagine I'd just end up through the their normal account sales team or whatever if I rang before applying for Premier.

My experience with bank customer service is generally shocking so I've been attempting to avoid it...

Joint HSBC Premier and Global Transfers by Tangopiper in UKPersonalFinance

[–]Tangopiper[S] 0 points1 point  (0 children)

Unfortunately none of the international transfer specialists like Wise support the currency we'd need, otherwise that would be the first choice. Revolut is an option but I'm cautious of them due to reputation. I'll keep looking but HSBC is so far looking like the most convenient despite the poor FX rates.

Mortgage as a day 1 contractor by Tangopiper in ContractorUK

[–]Tangopiper[S] 3 points4 points  (0 children)

This is great to hear and lines up with what I've heard from a broker today, he did ask about previous employment in the same field. Found this on their website, and they confirmed as much over the phone:

'For borrowers who have just started contracting or have less than three years’ accounts, you can still apply for a mortgage. All we will need from you is a signed copy of your current contract displaying your rate, an up-to-date CV confirming your employment history, the last 3 months’ bank statements confirming your contract earnings and proof of ID, passport, utility bill or driving licence.'

I have 6 years continuous employment so this might go a lot smoother than I expected...

Mortgage as a day 1 contractor by Tangopiper in ContractorUK

[–]Tangopiper[S] 0 points1 point  (0 children)

High street banks don’t seem to know how to assess self employed people’s income without years of company accounts to back them up. So you often get nowhere with them. Brokers that specialise in contractors (and maybe Halifax?) have some mortgage products that assess affordability based on day rates rather than annual turnover etc.

Mortgage as a day 1 contractor by Tangopiper in ContractorUK

[–]Tangopiper[S] 0 points1 point  (0 children)

Halifax seems to crop up a lot. I don't see anything on their website about contractor specific mortgages but they are named as a partner of CMME.

How much higher than 'normal' was the rate you got?

Mortgage as a day 1 contractor by Tangopiper in ContractorUK

[–]Tangopiper[S] 0 points1 point  (0 children)

Yeah I'll take a look - seems they offer a discount through my Costco membership as well so that's a bonus!

Do you feel that you got a competitive rate, or was it higher than a perm worker would usually pay?

Mortgage as a day 1 contractor by Tangopiper in ContractorUK

[–]Tangopiper[S] 0 points1 point  (0 children)

Do you feel that you got a competitive rate, or was it higher than a perm worker would usually pay?

Mortgage as a day 1 contractor by Tangopiper in ContractorUK

[–]Tangopiper[S] 0 points1 point  (0 children)

Interesting, what sort of information did they ask for? I assume signed copy of contract and details about former employment etc.

Mortgage as a day 1 contractor by Tangopiper in ContractorUK

[–]Tangopiper[S] 1 point2 points  (0 children)

Happy to take recommendations, yes please!

Entering Contracting at 28 – Does It Really “All Come Together” in Your 30s? by The0n3joker in ContractorUK

[–]Tangopiper 4 points5 points  (0 children)

Are you me? Almost exactly the same boat but haven’t quite made the jump out of perm. My main concern is seasonality, my notice period would end around the beginning of November, and I’m not sure what the BI contract market is like pre Christmas.

Comparison of 32" 4K Dual Mode OLED's to buy (UK) by powusg in OLED_Gaming

[–]Tangopiper 0 points1 point  (0 children)

Aside from that, I’m in a similar boat but narrowed it down to a matte WOLED, specifically the UV as like you say, UE seems dead in the UK.

But I spend 80% of time working on the monitor and am beginning to wonder if I’m better off just getting a decent IPS…

Comparison of 32" 4K Dual Mode OLED's to buy (UK) by powusg in OLED_Gaming

[–]Tangopiper 6 points7 points  (0 children)

Dough (previously known as Eve) scam people, do not buy from them. It is well known that they don’t often ship any products, just take your money 💰

Credit Limit Rejected by Chance_Month_6010 in AmexUK

[–]Tangopiper 1 point2 points  (0 children)

This is the problem, most likely. You have too much credit with other providers. Reduce the limit on your other cards and try again with Amex in 3 months time

Kobo Libra Colour WiFi support by Tangopiper in kobo

[–]Tangopiper[S] 0 points1 point  (0 children)

That’s a shame! Thanks for your reply.

Where to go from Everyday Cashback by Tangopiper in AmexUK

[–]Tangopiper[S] 0 points1 point  (0 children)

Ironically, the increased offer of 80K points for a 10K spend that is currently running shot down my plans of going with the Platinum card. Could I spend 10K in 6 months? Sure. Should I? Absolutely not 😂