Reply to: £100K+ permie job

[beaker]

WTF... now I've got client co wanting to make me an offer that's worth my while (I've turned them down once before)

Thanks for the advice all - let the games begin

[ThomasSoerensen]

Interesting. I went to my current mortgage lender (Halifax) the other week as my fix term deal is ending and they say the way they work it out for IT contractors is - current day rate x 365 x 5 ... that's way more than I would ever want to borrow! All they needed was a copy of LTd. company accounts from last year apparently.

What are these banks smoking?

That's good.

Barclays is something like 'Yep, you put £200k and we'll lend you £10k & that'll cost you£5k arrangement'

Maybe the bank knows more about the quality of the output from redgiant and MarillionFan than we do and they make a correct risk assessment and base their loan offers on it.

[Platypus]

Don't know why I quit to be honest.

Because it was just a dream and none of it really happened ?

[MarillionFan]

Interesting. I went to my current mortgage lender (Halifax) the other week as my fix term deal is ending and they say the way they work it out for IT contractors is - current day rate x 365 x 5 ... that's way more than I would ever want to borrow! All they needed was a copy of LTd. company accounts from last year apparently.

What are these banks smoking?

That's good.

Barclays is something like 'Yep, you put £200k and we'll lend you £10k & that'll cost you£5k arrangement'

[redgiant]

TBH, that in itself should be driver. The stupid ass thing with contracting is, for a mortgage you need 3 years worth of accounts and the figure you use is your profit. So if you invoiced £100k for the year the 'profit' on your accounts will be £80k before Corporation tax. The mortgage companies take that off as well , so you're starting at a 60k figure for multiples.

For 'Perm' they use the whole £100k! Fricking stoopid.

Interesting. I went to my current mortgage lender (Halifax) the other week as my fix term deal is ending and they say the way they work it out for IT contractors is - current day rate x 365 x 5 ... that's way more than I would ever want to borrow! All they needed was a copy of LTd. company accounts from last year apparently.

What are these banks smoking?

[MarillionFan]

Do we need a "count the contractors" thread - to see if we reach double digits

I think we need a poll to find out if there is scope for www.permieuk.com

[ThomasSoerensen]

Do we need a "count the contractors" thread - to see if we reach double digits

[Notascooby]

Theyre dropping like flies.

At this rate NLUK is going to go perm.

Do you think he's cut out for permi though?

[eek]

Theyre dropping like flies.

At this rate NLUK is going to go perm.

Are you really (really) sure he isn't already?

[MarillionFan]

Theyre dropping like flies.

At this rate NLUK is going to go perm.

[cojak]

Weird... got a couple of people hunting me down for £100K+bens permie roles. Same sort of thing I do now - Programme Management & Business Development. Will be lucky to gross that this year through my co.

Never worked a permie job in the UK before... what would I be looking at after tax - £5000 p/m?

What other perks should I be trying to negotiate? I don't have a car or many work expenses. Pension contributions?

<faints>

[ChimpMaster]

If you're young and single carry on contracting, not for the money but for the fun.
If you're older, have a family, and don't want to travel take the permie job.
Make sure you get the best package you can: largest contributory pension, 30 days holiday etc etc.

But once a contractor always a contractor, some days you will yearn for contrcating again.

SAS stop going off topic

[sasguru]

If you're young and single carry on contracting, not for the money but for the fun.
If you're older, have a family, and don't want to travel take the permie job.
Make sure you get the best package you can: largest contributory pension, 30 days holiday etc etc.

But once a contractor always a contractor, some days you will yearn for contrcating again.

[beaker]

Well at least this thread made it to page 2 before descending into BJs...

[EternalOptimist]

Paula dear, any bird with a slurpy gob knows it's fellate

not fallate