is 8 to 5 normal working hours
Discussion
CX53 said:
egor110 said:
Perhaps the answer is YOU have to move to a cheaper part of the country to buy a house that requires a lower deposit or accept your current situation and stay put?
Blaming your parents for working and paying off there mortgage with 10% rates is going to get you nowhere.
I wasn't complaining about my own situation, how it was for me back then and how it is now are two different things. Just passing comment on how difficult it can be for people on the national average wage - which by the way is harder to achieve in the cheaper parts of the country where 27k pa is considered a very good salary. Blaming your parents for working and paying off there mortgage with 10% rates is going to get you nowhere.
I wasn't blaming anyone for anything either... I have nothing to blame anyone for.
Calm yourself down.
Edited by CX53 on Sunday 1st May 12:28
As you bought up how difficult it is to buy a property on the national minimum wage , here's a example of how it's possible.
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
It just requires being realistic as to where you can afford to buy.
egor110 said:
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
Where did they get a mortgage that is 5.1x their combined salary out of interest? Anyway, back to topic, I work 8-5 4 days a week, and do 8-12 on Friday, so the equivalent to a 9-5 or 8-4. Hours are flexible so all staff do different hours to suit them. I don't need that many hours but we generally don't get enough work to fill all the hours in the day in, but as it's not all computer based I can't work from home unfortunately, otherwise I'd have negotiated at least a day a week working from home by now.
I used to work in Japan and the general culture there is nuts for doing pointless (unpaid) overtime. People would work to 9pm regularly and get nothing extra done. I have a Japanese friend in the UK who works in a small Japanese R&D company here, and they resent the Brits for going home when their work hours is over, even though they don't seem to get anything extra done here either, just a very weird and poorly prioritised sense of keeping up appearances.
Xaero said:
egor110 said:
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
Where did they get a mortgage that is 5.1x their combined salary out of interest? p1stonhead said:
Xaero said:
egor110 said:
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
Where did they get a mortgage that is 5.1x their combined salary out of interest? Foul Bob said:
Why anyone would want to mortgage themselves up to the hilt like that earning 15k a piece is beyond me. Absolute stupidity and the lenders shouldn't be so irresponsible.
I guess because there adults and no longer want to live with there parents but also don't want to pay £700 rent to someone else.There also not able to get social or council housing so they've grafted and saved up the 10% deposit so they can support themselves.
Re the lenders i'm not sure how up to date you are with obtaining mortgages , but they now have a meeting at the branch , then a 2 hour meeting at the branch and if that goes ok it goes to the head office who rubber stamp the mortgage offer , so it's very different to the 90's when getting a mortgage was simple.
Edited by egor110 on Sunday 1st May 18:52
egor110 said:
p1stonhead said:
Xaero said:
egor110 said:
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
Where did they get a mortgage that is 5.1x their combined salary out of interest? 
Ive had 5x combined income from Nationwide in the past.p1stonhead said:
egor110 said:
p1stonhead said:
Xaero said:
egor110 said:
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
Where did they get a mortgage that is 5.1x their combined salary out of interest? Ive had 5x combined income from Nationwide in the past.post current affordability regime ?
mph1977 said:
p1stonhead said:
egor110 said:
p1stonhead said:
Xaero said:
egor110 said:
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
Where did they get a mortgage that is 5.1x their combined salary out of interest? Ive had 5x combined income from Nationwide in the past.post current affordability regime ?
No problem at all. I reckon I could still get it now - I have no loans or commitments other than those associated with the house.
p1stonhead said:
mph1977 said:
p1stonhead said:
egor110 said:
p1stonhead said:
Xaero said:
egor110 said:
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
Where did they get a mortgage that is 5.1x their combined salary out of interest? Ive had 5x combined income from Nationwide in the past.post current affordability regime ?
No problem at all. I reckon I could still get it now - I have no loans or commitments other than those associated with the house.
i have a very laid back contract. dont really have set hours. job and knock most days (electrician) if its more than a days work then i do 10brs door to door so if im in london ill leave at 5.30 and be home by 3.30ish.
I definitely take my job for granted. cant remember the last time i did any paperwork of any kind either apart from test resultsnof course
I definitely take my job for granted. cant remember the last time i did any paperwork of any kind either apart from test resultsnof course
paolow said:
p1stonhead said:
mph1977 said:
p1stonhead said:
egor110 said:
p1stonhead said:
Xaero said:
egor110 said:
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
Where did they get a mortgage that is 5.1x their combined salary out of interest? Ive had 5x combined income from Nationwide in the past.post current affordability regime ?
No problem at all. I reckon I could still get it now - I have no loans or commitments other than those associated with the house.
egor110 said:
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
Xaero said:
Where did they get a mortgage that is 5.1x their combined salary out of interest?
p1stonhead said:
Well 5x is still possible nowadays fairly easily - its not that much more of a jump is it. 6x is possible at more specialist places I believe.
Not sure I agree with this - with a household income of just over £50k (not a brag - 2x earner just under the national average), 10% deposit on a £200k property last year - got rejected for a mortgage two or three times before being accepted.Jakg said:
egor110 said:
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
Xaero said:
Where did they get a mortgage that is 5.1x their combined salary out of interest?
p1stonhead said:
Well 5x is still possible nowadays fairly easily - its not that much more of a jump is it. 6x is possible at more specialist places I believe.
Not sure I agree with this - with a household income of just over £50k (not a brag - 2x earner just under the national average), 10% deposit on a £200k property last year - got rejected for a mortgage two or three times before being accepted.They have no children and other than running 2 cars ( used cars purchased outright) they have no loans.
Jakg said:
egor110 said:
My brother and his mrs bring in just under 30k a year total between them, they lived at home and saved hard and now have the 10% deposit for a £170,000 property so it is very much do able.
Xaero said:
Where did they get a mortgage that is 5.1x their combined salary out of interest?
p1stonhead said:
Well 5x is still possible nowadays fairly easily - its not that much more of a jump is it. 6x is possible at more specialist places I believe.
Not sure I agree with this - with a household income of just over £50k (not a brag - 2x earner just under the national average), 10% deposit on a £200k property last year - got rejected for a mortgage two or three times before being accepted.For what it's worth the 5x salary mortgage was a £250k mortgage on a £400k house.
When I got my current mortgage, Nationwide offered me 5x combined even though I didn't need it. As said, no standing orders/loans etc other than those associated with the house. The 5x mortgage would have been just under 25% of take home income on the particular rate I was offered. Hardly unmanageable.
7:45 to 17:30 on average for me currently. Has been 7:00 to 18:00 at busier times in the past. Short breaks. Contracted for 45hrs with opt out (typical for my job role).
I'm part of a team that run a large construction project so the early starts really help and makes the commute more pleasant too. The job is in London so I'm out the house for 13hrs a day which is not ideal. Nature of the beast really!
I'm part of a team that run a large construction project so the early starts really help and makes the commute more pleasant too. The job is in London so I'm out the house for 13hrs a day which is not ideal. Nature of the beast really!
smithyithy said:
40 hours for me with 30 minute lunch breaks.
Most people in my office do 8:00 - 16:30, I prefer to do 07:00 - 15:30.
But because we've all been through TUPE half a dozen times, the office is on a mix of hours ranging from 37.5 to 45..
I do 8 - 4:30 (with a 1:30 finish on a Friday). 30 minute lunch breaks so 37 hours per week. I'd prefer to start at 7:30 and finish at 4 but unfortunately, I've just accepted a new role and the hours are the other way. 8:30 - 5. It means I won't get in the house until about 5:15 and I'll have a bit more traffic to deal with at 5 too. On the flip side, I suppose I could join my local gym which opens at 7am and still make it to work for 8:30 if I suddenly gert the urge to get fitter again. I'd rather start as early as possible and get homme earlier. I like my time after work.Most people in my office do 8:00 - 16:30, I prefer to do 07:00 - 15:30.
But because we've all been through TUPE half a dozen times, the office is on a mix of hours ranging from 37.5 to 45..
Gassing Station | Jobs & Employment Matters | Top of Page | What's New | My Stuff