Super Contractors Glasgow Business Award “Best Performing Business” Finalist

We are delighted to have been shortlisted for the Best Performing Business (11-50 employees) award by Glasgow Chamber of Commerce.

Top businesses and organisations will be honoured at the prestigious Glasgow Business Awards 2017. This year is the 20th anniversary of the award ceremony and it will celebrate achievements, successes and accomplishments of Glasgow businesses.

The names of winning entrants will be announced at the Dinner and Awards Ceremony at the Hilton Glasgow on Thursday 5th October 2017. We can’t wait to be there!

More details about the event are available here.

Super Contractors takes part in Wear a Hat Day

Today, we took part in Wear a Hat Day for Brain Tumour Research!  Wear a Hat Day takes place all over the UK. We, at Super Contractors, took part to help raise awareness and vital funds for this pioneering charity.

Gordon Hunter, Managing Director at Super Contractors, said: “The diagnosis of a brain tumour is devastating news to receive. Not only for the individual, but their family and friends as well. We are proud to help fund the fight against this disease which takes children from their parents and parents from their children before their time.

“Brain tumours kill more children and adults under the age of 40 than any other cancer! We felt we had to do something to make a difference. It is vital to have the support for research and funding for such a critical illness. It’s also why we are so passionate about Critical Illness Cover.

Critical illness cover pays out a lump sum if the worst was to happen to you and you were diagnosed with a serious illness. Having a Critical Illness Cover in place can help ease your recovery by paying out the money you need for your care and treatment, your recuperation, help pay off your mortgage or make up for lost income.”

Crispin Zeeman, Head of Marketing for Brain Tumour Research, said: “We are extremely grateful to Super Contractors and are impressed by their commitment to helping our cause. Such support is vital in order to help us to fund the fight as we work to improve the lives of patients and, ultimately, find a cure for brain tumours.”

Brain Tumour Research helps fund an annual £1 million programme of research at its Centre of Excellence at the University of Portsmouth. Further partnerships announced last year with Plymouth University, Queen Mary University of London, and Imperial College pave the way for a £20 million investment in brain tumour research over the next five years.

For more information about critical illness cover, freephone 0800 211 8700 or fill in our online enquiry form.

For more information about Brain Tumour Research visit www.braintumourresearch.org

 

Notes to Editors

Fundraising in its own right, Brain Tumour Research is also an umbrella charity, working in collaboration with Member Charities around the UK. Together with this network and supported by the fundraising achievements of our Umbrella Groups and fundraisers across the UK, over £4 million was raised during 2015 to fund both brain tumour research and to provide support for patients and families.

Brain Tumour Research’s Invest In a Cure manifesto calls on the Government and the larger cancer charities to increase national investment in brain tumour research to between £30 million and £35 million, in line with other cancers. This issue was taken up by the Petitions Committee as the subject of their first-ever inquiry, resulting in their report “Funding for research into brain tumours”. This led to a debate in the House of Commons in April 2016 where then Health Minister George Freeman MP formally acknowledged more must be done for brain tumour patients and their families and announced measures to begin to address the issue. Brain Tumour Research will be playing a key role in the Government Task and Finish group convened to take the issue forward.

Key statistics on brain tumours:

  • Brain tumours kill more children and adults under the age of 40 than any other cancer…
  • Yet just 1% of the national spend on cancer research has been allocated to this devastating disease.
  • 16,000 people each year are diagnosed with a brain tumour.
  • Less than 20% of those diagnosed with a brain tumour survive beyond five years compared with an average of 50% across all cancers.
  • Incidences of, and deaths from, brain tumours are increasing.

Spring Budget 2017 – What Does It Mean For Contractors?

10 Highest Paid UK Contract Jobs in Finance

With the Fintech sector booming, finance specialists are well sought after. See the below table for the 10 Highest Paid Contract Jobs in Finance in the UK:

SAP Finance Consultant - £508
SAP Finance Lead - £513
Senior Finance Analyst- £513
SAP Finance Specialist - £525
SAP Finance Project Manager - £525
SAP Finance Architect - £539
Finance System Manager - £550
Quantitative Finance Specialist - £850
Computational Finance Specialist - £850
Head of Finance - £925

Source: Sonovate, Q4 2016, November 2016

5 Ways Brexit Won’t Impact Contractor Mortgages

A Super Contractor should be prepared for every eventuality. While many in the city may not have backed Brexit or even anticipated the result – I was busy calculating what a leave vote would mean for contractors like myself. No, my powers are not psychic in nature, but simply those I put into operation every day in my role as a (Super) IT contractor – foresight and planning.

Here are my five reasons why Brexit won’t impact negatively on UK contractor mortgages.

1. The BOE Contingency Plan

Like any super contractor worth his cape and day rate – Bank of England Governor Mark Carney, was quick (as The Flash) to announce that the Bank had prepared for every eventuality; duly unveiling a cunning contingency master-plan designed to protect the economy from negative effects in the the outcome of leaving the EU. In fact, since the last crash of 2008, the Banks have been simulating and stress testing far more severe scenarios than those we currently face to shape the battle plan. Are they ready? It’s worth noting that the money held by the biggest British banks is ten times what it was before the crisis of 2008; some £130 billion of capital and £600 billion of high quality liquid assets; something Carney says ‘gives banks the flexibility they need to continue to lend to UK businesses and households, even during challenging times.¹ In short, the UK banks are more stable – while ‘Fred The Shred’ could only lend from his piggy bank to close friends and family, Mark Carney has the resources of Lex Luthor, and a better head of hair besides.

2. Even Lower Interest Rates for Contractor Mortgages

Whatever way you voted, the fact is ‘we are where we are’. So, while the banks navigate a foreseen period of uncertainty and adjustment, the BOE is widely tipped to slash UK base interest rates from a record low of 0.5% to 0.25% by the end of 2016.² Gadzooks! If Interest rates stay this low, we’ll all be forming an orderly queue at our banks for (almost) free loans. Take that, Payday Loan Lenders!

So what does that mean for contractor mortgages? Well, with lower BOE interest rates in place, mortgage lenders could take a hatchet to mortgage rates to lure customers with new, cheaper deals. In short, not only could this mean lower contractor mortgage rates, but also lower asking prices for available property, while uncertainty abounds.

3. Carpe Diem (I knew learning Latin in school would finally come in handy)

As Contractors, we have the ability to speculate and act fast. On 16th September 1992 George Soros made an estimated £1 Billion from short selling the GB Pound on Black Wednesday. Granted, he almost collapsed the UK economy in the process, at an estimated cost of £3.3 Billion³, but the point is, know your onions, be agile, and the opportunities are there.

UK Pound Devalued
Today, the value of Sterling is at a 30 year low against the USD, and other currencies. This is a positive for exported UK products and services who are currently enjoying renewed international demand as a result of buyers gaining more value for money.

Lower UK Corporation Tax Rates
With George Osborne proposing the lowering of UK Corporation Tax (CT) to 15%, the UK is being cited as a potential Tax Haven for Corporations.

Booming FinTech Market for Contractors
Despite all the uncertainty, what is certain is the fact that Financial Technology Contractors are in demand. Here’s a quick list of the highest-paid contract IT jobs in UK FinTech companies (figures refer to average daily rates):

Project Management: £425
System Administration: £450
Software Engineer: £464
Database Administration: £491
Database Developer: £495
Programme Management: £503
Unix Administration: £544
Technical Architect: £625
ERP: £700
IT Security: £700

Source: Sonovate 4

4. Brexit – Great for contractors

Ahead of the Brexit vote, many head honchos were putting big appointments on hold. According to a poll by Randstad, around a quarter of the professional firms surveyed were using contractors due to the uncertainty. The result is that many companies may continue to hire ‘contractors’ or temporary staff in the short term.5 So make hay while the sun shines!

5. Upheaval Means Transformation Projects

You heard it here first. I predict an increased demand for Super Contractors (like me) as the UK starts getting its own shiny new systems in place. Speaking with many recruitment agencies, they sense the UK leaving the EU could mean many high level transformation projects will be required, triggering substantial demand for fellow skilled contractors and freelancers in IT, Finance, Business Analysis, etc.

A key strength of being a Contractor is our flexibility. Employers and recruiters know this, and we’ll be the first workers called upon when the work requirements come in. So, if David Cameron, BOJO and Farage are considering their next moves – potentially retraining as Contractor Systems Analysts could be the smartest thing they’ve done this year!

In summary, despite all the uncertainty of the UK Brexit, I believe it will bring many opportunities for Super Contractors. What are your thoughts?

_______________________________
Sources:

  1. Statement From The Governor Of The Bank Of England Following The EU Referendum Result | Bank Of England. Bankofengland.co.uk. N.p., 2016. Web. 1 July 2016.
  2. London South East News, Bank Of England Chief Hints At Interest Rate Cut After Brexit Shock
    Thu, 30th Jun 2016 18:04
  3. UK Government Papers released under 2005 Freedom of Information Act show that if the government had maintained $24 billion foreign currency reserves and the pound had fallen by the same amount, the UK would have made a £2.4 billion profit on sterling’s devaluation.
  4. Sourced by recruitment finance provider Sonovate, Q1, May 2016
  5. IQ Contracts, Brexit ‘may benefit contractors‘, 29 June 2016

Top 10 Web Dev Contractor Day Rates in Scotland

Research, compiled by Sonovate, for the last quarter using Innovantage uncovered 4,700 contract roles advertised in Q1 2016. The following list shows the average day rate for web development contractors in Scotland.

Analyst Developer - £245
Software Engineer - £277
Python Developer - £300
.NET Developer - £305
Drupal Developer - £350
Interface Developer - £389
Pega Developer - £390
UI Developer - £406
Informatica Developer - £427
DevOps Engineer - £454

Source: Sonovate, April 2016 – Average Day Rate Q1, 2016 for Web Development Contractors in Scotland

The 10 Highest-Paid Contract IT jobs in UK FinTech

FinTech is booming in the UK. With this boom, more and more of these companies are needing to hire the very best in IT. Below shows the highest-paid contract IT jobs in UK FinTech companies (figures refer to average daily rates):

 

Project Management: £425
System Administration: £450
Software Engineer: £464
Database Administration: £491
Database Developer: £495
Programme Management: £503
Unix Administration: £544
Technical Architect: £625
ERP: £700
IT Security: £700

Sourced by recruitment finance provider Sonovate, Q1, May 2016

The new Stamp Duty levy & what it will cost you

From the 1st of April 2016, the government will introduce a new Stamp Duty levy which will be payable when you purchase an additional home in the UK, whether a holiday home or buy-to-let.

The surcharge will apply even if the home you already own (or part-own) is overseas.

The new Stamp Duty rates for additional properties will be:

Purchase Price  Current Rate New Rate
Over £40,000 and up to £125,000 0% 3%
Between £125,001 and £250,000 2% 5%
Between £250,001 and £925,000 5% 8%
Between £925,001 and £1.5 million 10% 13%
Over £1.5 million 12% 15%

For an example, if you bought an additional property at a price of £200,000:

  • The extra 3% Stamp Duty = £6,000 (3% of the entire price)
  • Regular Stamp Duty bill = £1,500
  • Total to pay = £7,500

What to look out for…

  • If you directly replace your main residence with a new home, you won’t have to pay the 3% surcharge
  • If you move into a new home and keep your last home you will initially have to pay the 3% Stamp Duty. As long as you sell your last home within 36 months, HMRC will make a refund.
  • If you are buying a home with someone who already owns one, the additional 3% Stamp Duty will apply.

For more information about the changes and how it will affect you as a contractor, call 0800 211 8700 or fill out our online enquiry form

 

Source: HMRC, March 2016,
https://www.gov.uk/government/publications/stamp-duty-land-tax-higher-rates-on-purchases-of-additional-residential-properties/stamp-duty-land-tax-higher-rates-on-purchases-of-additional-residential-properties

Super Contractors is a trading style of Contract Mortgages Ltd which is an appointed representative of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.

 

Welcome to Super Contractors

Today we launch our new brand and website, Super Contractors!

Financing Heroes Today

Formerly, Contract Mortgages, we have rebranded! Super Contractors is a brand that not only represents us, but also our clients. Contractors have unique skills that set them apart. Our new brand and website celebrates contractors, who along with freelancers underpin innovation, the UK’s main growth driver.*

Being a contractor isn’t an easy option. It involves risk, uncertainty, less security, more paperwork and can be lonely. Our new brand recognises today’s Super Contractors!

Why choose Super Contractors for your mortgage or protection policy?

      • As a contractor specialist we work with contractor friendly lenders that understand contractor and freelance employment status.
      • Access to a comprehensive panel that includes exclusive deals not available direct from lenders on the high street.
      • We’ve helped hundreds of contractors throughout the UK obtain a mortgage.
      • We also have a strong belief in justice, starting with not charging you a broker fee**.

Win An Apple Watch

To celebrate the launch of Super Contractors we are offering everyone the chance to Win an Apple Watch. So spread the word, Super Contractors is financing heroes today!

Our competition to win An Apple Watch has now closed. You can see our lovely winner here.

Super Contractors Winner of Apple Watch

Super Contractors Winner of Apple Watch

“Oh my goodness I can’t tell you how happy I am. My parcel has arrived today. My apple watch thanks to you amazing people. Thank you so many times. SUPERSTARS!”

Notes & References
*The Role of Freelancers in the 21st Century British Economy, by Professor  Burke, Cranfield School of Management.
**We do not charge a fee for our services, we receive commission from the provider.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Super Contractors is a trading style of Contract Mortgages Ltd which is an appointed representative of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.