How to get loans for home as a contractor

Quick summary:

1. They (in descending order): Great South Beach, Newcastle Standing, Heritage Bank, Heritage Credit Union, Credit Union of People's People, Mutual Bank Teachers, Bank Bank, Imb Bank, Outside the Bank, Bank of Australia and P & N.

2. The client usually takes into account contractors to be high-risk customers, very similar to random workers or only traders, but contractors can still get a home loan.

3. According to ABS, in Australia there are more than a million independent contractors, but many lenders have a different process when approving log loans for contractors

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More: https://biyro.com/blog/freelance/how-to-get-loans-for-home-as-a-contractor/

Inside IR35 v. the pandemic: which is the bigger threat to freelancers in 2022? - Freelance Informer

Quick summary:

1. Companies in certain sectors, such as insurance, banking and IT, have felt pressured and nervous around the private sector IR35 rules and took what they considered the easy route by not creating contracts with outside IR35 parameters, requesting instead to their recruitment firms that all contractors become umbrella company employees.

2. There have been cases where contractors forced to use an umbrella company payroll scheme have since found that they are very likely absorbing both employee and employer national insurance costs, which is according to HMRC illegal

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More: https://biyro.com/blog/freelance/inside-ir35-v-the-pandemic-which-is-the-bigger-threat-to-freelancers-in-2022-freelance-informer/

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